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Town auditor issues unmodified FY2025 opinion; no material weaknesses found
Summary
Mitchell & Titus reported an unmodified opinion on La Plata’s FY2025 financial statements and found no material weaknesses, no significant deficiencies, and no instances of fraud; council praised staff and had no substantive audit findings to act on.
Dan Kenny, partner with audit firm Mitchell & Titus, told the La Plata Town Council on Feb. 10 that the firm issued an unmodified opinion on the town’s financial statements for the year ended June 30, 2025. "I am pleased to report that you received an unmodified opinion on the financial statements," Kenny said, adding that the firm identified no material weaknesses or significant deficiencies in internal control and noted no instances of fraud.
The auditor summarized procedures including tests of revenue recognition, cash and investments confirmations, analysis of receivables and allowances, and reviews of capital assets and long-term liabilities. Kenny said certain conversion and below-materiality entries were made and that required communications and supplementary-information reviews revealed no significant difficulties or disagreements with management.
Mayor James and councilmembers thanked the finance team for the work that supported the audit. Town Manager Chuck Stevens and staff said the full audit report is attached to the council agenda and available for public review.
Council took no formal action on the audit beyond accepting the report; staff noted they will incorporate auditor recommendations as appropriate and maintain transparency by posting the closing statement and audit documents in the public record.
