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San José officials present clean audit and accept Comprehensive Annual Financial Report
Summary
City finance leaders and external auditors presented the Comprehensive Annual Financial Report and an unmodified (clean) external audit opinion; council accepted the reports unanimously, noting a one-time accounting adjustment tied to recognition of compensated absences and sustained strong credit ratings.
San José officials on Dec. 9 presented the city’s Comprehensive Annual Financial Report and external audit results, and the City Council unanimously accepted the documents.
Finance Director María Auberg led the presentation alongside Deputy Finance Director Víctor Lobe and external auditors from MGO. Auditor Ben Lau told the council the audit team “issued an opinion for all the audit reports we reviewed and audited,” characterizing the opinion as unmodified, commonly described…
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