Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
CliftonLarsonAllen gives Torrington a clean FY2025 audit, flags school fund deficit and cybersecurity recommendations
Summary
CliftonLarsonAllen issued unmodified opinions on Torrington's FY2025 financial statements and single audits, noting a clean result but recommending plans to address the Torrington High School renovation deficit, strengthen IT/cybersecurity, and conduct fraud-risk assessments.
CliftonLarsonAllen presented the City of Torrington's FY2025 audit to the Board of Finance on Feb. 17, saying the firm issued unmodified (clean) opinions on the financial statements and on federal and state single audits.
"Unmodified opinion is a clean opinion. It's something that you'd wanna receive each and every year," the auditor told the board while summarizing audit results. The auditors reported no material weaknesses or significant deficiencies in internal control or compliance for the programs they tested.
The presentation included government-wide figures and fund-level summaries. The auditors reported a government-wide net position of $69,100,000 and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
