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Auditors give Kenai Peninsula Borough a clean opinion on FY25 financial statements
Summary
BDO lead engagement principal Joy Mariner told the Finance Committee the borough received an unmodified ("clean") opinion on its FY25 financial statements and the state single audit; auditors noted two IT-control suggestions and said the federal single-audit supplement was delayed by federal timing but is expected to be issued soon.
Joy Mariner, lead engagement principal for BDO, told the Kenai Peninsula Borough Finance Committee that auditors issued an unmodified opinion on the borough’s FY25 financial statements and an unmodified opinion on the state single audit, with no state findings identified. "We did issue an unmodified opinion on the financial statements," Mariner said. "This is the highest level opinion you can receive. Most people call it a clean opinion."
Mariner told the committee the federal single-audit supplement work was complete but its final release was delayed by federal timing; auditors issued the borough and state opinions so state funding would not be jeopardized and described the federal supplement as expected to be issued shortly. She said two…
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