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Auditors give Richfield an unmodified opinion; report flags asset‑tracking and posting issues
Summary
The independent auditors issued an unmodified opinion for FY2025 financial statements but identified internal‑control and state‑compliance findings, including an incomplete capital assets schedule, an omitted May 2025 meeting posting, and an untimely fraud risk assessment.
Quinlan Roberts, the independent auditor, presented Richfield City's audited financial statements for the year ended June 30, 2025, and read the audit opinion into the record: "In our opinion, the accompanying financial statements present fairly, in all material respects, the respective financial position of Richfield City... in accordance with accounting principles generally accepted in The United States Of America." The firm issued an unmodified (clean) opinion.
Key figures highlighted by the auditor include a total governmental funds ending fund balance of about $11,785,000,…
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