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Wylie council reviews FY2023–24 comprehensive financial report; auditors issue clean opinion
Summary
Weaver LLP presented the City of Wylie's annual comprehensive financial report for fiscal year 2023–24 and issued an unmodified opinion with no findings. Council heard highlights of revenue, expenditure, and fund-balance changes and a motion to accept the ACFR was made and seconded during the meeting.
Weaver LLP auditors told the Wylie City Council on Jan. 28 that the city's fiscal year 2023–24 financial statements are presented fairly in all material respects and that their review found no material weaknesses or significant deficiencies.
John DeBurrow, audit partner with Weaver LLP, said the firm issued two reports: an independent auditors' report giving an unmodified (clean) opinion on the financial statements and a report on internal control and compliance. "There were no findings, no material weaknesses or significant deficiencies," DeBurrow told the council.
The presentation covered the audit approach and key financial highlights. Governmental revenues totaled about $78.7 million for FY2024, up roughly $2 million from the…
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