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Auditors report problems in Neptune Beach books; disclaimer issued on major funds
Summary
Purvis Bray presented the city audit for the year ended Sept. 30, 2023, citing accounting and internal-control weaknesses that led to a disclaimer of opinion on the General Fund and Water & Wastewater Fund because of roughly $400,000 in unidentified credits; auditors listed 10 control issues but did not detect misuse of funds.
Purvis Bray, the audit firm handling Neptune Beach’s fiscal-year 2023 examination, told the council on July 7 that the audit process encountered several material recordkeeping problems that prevented the firm from issuing an opinion on the two largest funds.
The auditors reported about $400,000 in miscellaneous credits in a clearing account that could not be fully identified as general-fund revenue or other receipts; because of that unresolved balance and a cluster of reconciliation and approval issues the firm issued a disclaimer of opinion on the General Fund and the Water & Wastewater Fund. Purvis Bray also listed…
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