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Dardenne Prairie audit returns unmodified opinion; auditors flag budget amendment and journal‑entry controls
Summary
External auditors issued an unmodified opinion for the year ended 12/31/2024, noted two audit journal entries and that pension disclosures show assets exceed projected liabilities; auditors recommended routine budget amendments when expenditures exceed appropriations and stronger review of journal entries.
Michelle Graham, the external auditor, presented the city’s financial statements for the fiscal year ended Dec. 31, 2024, and said her firm issued an unmodified opinion, the strongest available. She told the board the city uses a modified cash/modified accrual basis for governmental accounting and that footnote disclosures—especially pension disclosures—are integral to assessing financial position.
Graham said auditors proposed two journal entries during the engagement: an accounting entry to…
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