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Independence audit: outside firm issues clean opinion, notes single-audit procurement lapse and recommends system upgrades
Summary
An outside auditor told the Audit and Finance Committee on Feb. 11 that the City of Independence received an unmodified (clean) opinion for fiscal year 2025; the single-audit found one procurement noncompliance (two of five sampled vendors lacked documented suspension/debarment checks) and auditors recommended migrating capital assets into Munis, more frequent utility reconciliations, and a faster financial close.
Chester Moyer of audit firm Reuben Brown told the City of Independence Audit and Finance Committee on Feb. 11 that the firm issued an unmodified (clean) opinion on the city’s fiscal year 2025 financial statements, covering the period July 1, 2024, through June 30, 2025.
Moyer said the firm’s opinion covers each opinion unit required under auditing standards—governmental activities, business-type activities, the general fund, the TIF debt service fund and the city’s major proprietary funds such as water and power. “We want to report that the city has received a clean opinion on the financial statement,” Moyer said.
Why it matters: a clean audit signals that, under generally accepted auditing standards and government auditing standards, the audited financial statements contain no material misstatements and supports transparency and credit-related measures such as bond…
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