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Port Jervis council accepts 2023 audit; auditors report net fund increase and no fraud
Summary
An independent auditor presented preliminary findings from the city's 2023 audit showing a net addition to the general fund balance of about $475,000 and an anticipated unmodified (clean) opinion; the council authorized finalization of the audit to avoid potential Moody's action.
The Port Jervis Common Council reviewed the city's draft audited financial statements for the fiscal year ended Dec. 31, 2023, and authorized staff to finalize the engagement with PFK O'Connor Davies CPAs after a presentation by the audit engagement partner.
Melissa Sott, engagement partner on the audit, told the council auditors anticipate issuing an unmodified opinion (a "clean" opinion) and said there were no identified instances of fraud or significant disagreements with management to…
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