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Town of Moraga audit: independent firm issues unmodified opinion; committee accepts ACFR
Summary
An independent auditor issued an unmodified (clean) opinion for Moraga’s FY 2024-25 financial statements. The Audit & Finance Committee voted to recommend acceptance of the ACFR and discussed investment strategy, pension trust growth and fund balances.
David Alvey, an audit partner with Mays & Associates, told the Town of Moraga’s Audit & Finance Committee on Dec. 2 that his firm issued an unmodified — or "clean" — audit opinion for the fiscal year ended June 30, 2025.
"That is an unmodified or clean audit opinion," Alvey said during the committee’s presentation of the annual comprehensive financial report. "You passed your audit." He told the committee the firm found no material misstatements, no significant deficiencies and no disagreements with…
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