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Auditors deliver clean opinion on Reedsville financial statements for fiscal year ending 06/30/2025
Summary
Independent auditors reported an unmodified (clean) opinion on the city's FY 2024–25 financial statements, found no material weaknesses or significant deficiencies, and noted federal/state grant testing is nearly complete; no corrected or uncorrected adjustments were required.
Reedsville — Independent auditors presented the city’s fiscal year 2024–25 audit to the Reedsville City Council on Jan. 13 and issued an unmodified (clean) opinion on the financial statements.
Dan Garfody, the auditor presenting the report, told the council the financial statements were audited in accordance with generally accepted auditing standards and government auditing standards, and the firm issued a clean opinion. He reported no corrected or uncorrected audit adjustments, no material weaknesses or significant deficiencies in internal controls, and no findings of fraud or illegal acts. Federal and state award testing is near completion; delays in federal testing stemmed from the late issuance of OMB testing templates and related federal timing issues.
The audit presentation included required communications about accounting policies, related party transactions, significant estimates and upcoming accounting standards. Auditors also confirmed independent status and noted no disagreements with management.
What’s next: The audited financial statements and required communications will be submitted as appropriate to the Local Government Commission and posted in the city’s audit materials.
