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Independent audit: Placentia receives unmodified opinions but notes a material weakness in year‑end close

Placentia City Council · April 15, 2025

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Summary

Auditors presented the city's annual comprehensive financial report and single audit for the year ending 06/30/2024, reporting unmodified opinions on financial statements and federal programs, and identifying one material weakness related to the financial close and reporting process; council received and filed the reports.

CliftonLarsonAllen principal Bob Callanan presented the annual comprehensive financial report (ACFR) and the single audit for the fiscal year ending June 30, 2024. The auditors issued unmodified (clean) opinions on the government‑wide financial statements and on major federal programs tested.

Callanan said the audit…

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