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Lehi auditors give city a clean financial opinion, note year‑end timing adjustments
Summary
External auditors reported a clean GAAP opinion on Lehi’s comprehensive financial statements but noted a significant deficiency tied to year‑end trial-balance adjustments and timing differences; auditors said federal and state compliance testing found no material findings.
Lehi City auditors told the City Council on Wednesday that the city’s financial statements are materially correct under generally accepted accounting principles, yielding a clean opinion.
Dana Howell of Osborne Robbins Bueller presented the annual comprehensive financial report and highlighted that the auditors concluded the financial statements fairly present the city’s financial position (the auditor’s opinion appears on page 14 of the report). Howell said the audit does not…
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