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Erlanger audit: unmodified opinion, $24M in unrestricted cash and $7.3M capital outlay highlight strong fiscal year
Summary
City auditors issued an unmodified FY2024 opinion and reported about $24 million in unrestricted cash, roughly $7.3 million in capital outlay and approximately $1.285 million in ARPA spending; no material internal control findings were reported.
John Chamberlain, a partner at Chamberlain Owen & Company, told the Erlanger City Council on Dec. 3 that the city’s fiscal 2024 financial statements received an unmodified auditor’s opinion and that the audit found no reportable internal‑control weaknesses or compliance problems. "We gave what's called an unmodified opinion, meaning there's no modifications required, to the opinion," Chamberlain said.
The auditor outlined several figures Council members flagged during the presentation. Chamberlain reported the city expended about…
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