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Lake Havasu Council accepts FY2025 audit after auditors note one restatement
Summary
External auditors delivered clean opinions on the city's FY2025 financial statements and major program compliance but reported one restatement tied to allocation of investment earnings; council voted 6-0 to accept the audit.
Lake Havasu City Council on Feb. 24 voted unanimously to accept the city's annual financial report and audit for the fiscal year ending June 30, 2025.
Jean Dietrich, principal auditor for CliftonLarsonAllen LLP, told council members the firm performed the audit in accordance with generally accepted auditing standards and government auditing standards and issued clean, unmodified opinions on the city's financial statements and on compliance for each major federal program. "We have issued clean, unmodified opinions on those reports," Dietrich said during the presentation.
Dietrich said auditors…
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