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City auditors report adverse opinion tied to omitted component unit; single‑audit finds three issues
Summary
Auditors from Arledge & Associates presented the city’s FY2024 financial statements and single audit, reporting an adverse opinion because audited numbers for the Shawnee Civic and Cultural Development Authority were not included; the single audit flagged two financial‑statement issues and one recurring federal‑reporting timing issue.
Auditors from Arledge & Associates told the Shawnee City Commission that the city’s FY2024 financial statements include an adverse opinion tied to omission of one component unit’s audited balances.
"There are two instances of component units" that changed from prior years, audit partner Kenzie Gorti said, and the adverse opinion relates specifically to balances for the Shawnee Civic and Cultural Development Authority (SCCDA) that were not audited for inclusion in the city’s…
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