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Auditors give unmodified opinion on FY2024 statements; board approves annual report and budget

San Francisco City Retirement Board · February 12, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

MGO issued an unmodified (clean) opinion on the retirement system’s FY2024 financial statements; the board accepted the audit report, approved the fiscal year 2024 annual report and adopted departmental budgets for FY2025–26 and FY2026–27.

Auditors from MGO told the Retirement Board they issued an unmodified opinion on the financial statements for the year ended June 30, 2024, and reported no material misstatements or disagreements with management.

"We issued our report on November 20, 2024, and we're happy to say that we issued an unmodified opinion on those financial statements," said Craig Harner, partner at…

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