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Audit committee accepts Safety Harbors CAFR and CRA audits after review of controls and utility receivables
Summary
The City of Safety Harbors audit committee unanimously accepted the Comprehensive Annual Financial Report and Community Redevelopment Agency audit for fiscal year 2024 after CLA reported clean opinions and flagged internal-control items including bank-reconciliation timeliness and a $263,000 allowance for doubtful utility accounts.
The City of Safety Harbor Audit Committee voted unanimously to accept the citys Comprehensive Annual Financial Report (CAFR) and the Community Redevelopment Agencys (CRA) financial statements for the fiscal year ending Sept. 30, 2024, following a presentation by auditors from CLA.
Julie Fowler, signing director at CLA, told the committee the firm issued an unmodified (clean) opinion on the citys financial statements and an unmodified examination opinion on compliance with the cited state investment statute. "On the financial statements themselves, we've issued an unmodified opinion," Fowler said, adding that auditors provided governance communications and noted no disagreements with management.
The auditors identified several internal-control recommendations the committee discussed. Fowler said delays in preparing bank…
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