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Auditor gives Post Falls Urban Renewal Agency a clean opinion; agency reports higher assets and tax-increment receipts
Summary
Alpine Summit CPAs issued an unmodified ("clean") opinion on the Post Falls Urban Renewal Agency's fiscal 2025 statements; the audit showed roughly $4.46 million in assets, $1.425 million unassigned fund balance and increased tax-increment revenues compared with 2024.
An external audit presented Feb. 19 by Alpine Summit CPAs concluded the Post Falls Urban Renewal Agency's fiscal year 2025 financial statements are materially correct, issuing an unmodified opinion commonly described by the auditor as a "clean opinion." Tony Hackwith, the presenting auditor, told commissioners the firm did not identify reportable findings related to the financial statements or internal controls within the scope of the audit.
Hackwith reviewed key financial figures…
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