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Loma Linda auditors issue unmodified opinion as ACFR shows $1.9 million net-position gain
Summary
Auditors issued an unmodified (clean) opinion on Loma Linda's 2024 annual comprehensive financial report; the city's net position rose by $1.9 million and general fund balance grew by about $1.94 million, officials said. Staff asked council to receive and file the ACFR; no formal vote was required.
Brianna Schultz, the city's audit engagement partner, told the City Council the auditors are issuing an unmodified opinion on the City of Loma Linda's fiscal-year 2024 financial statements, the highest level of assurance an auditor can provide. "We are expressing an unmodified opinion, once again, for this year," Schultz said, adding the auditors found no material errors, irregularities or disagreements with management.
City financial staff presented the annual comprehensive financial report (ACFR) and highlighted key figures: citywide net position increased by $1,900,000 (from $163.1 million to $165.0 million), governmental activities contributed about $2.3…
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