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Midlothian auditors issue clean opinion on 2024 city financials
Summary
Patillo, Brown and Hill told the Midlothian City Council the city received an unmodified (clean) opinion on its fiscal year 2024 financial statements and reported no significant internal-control deficiencies or reportable noncompliance; the item was informational and required no council action.
Patillo, Brown and Hill presented the city's fiscal year 2024 financial audit to the Midlothian City Council, reporting an unmodified, or "clean," opinion on the financial statements.
"I'm happy to report that we have expressed what's called an unmodified opinion," the auditor said, adding that the firm found the statements free of material misstatement and presented fairly under generally accepted auditing standards. The auditor also noted the city did not meet the federal grants threshold that would require a single-audit this year.
The auditor told the council there were no significant deficiencies identified in internal controls over financial reporting and no instances of noncompliance that must be reported under government auditing standards. "You've got a clean opinion on your financial statements," the auditor said.
Mayor Kauffman said the item was informational and that no action was required by the council. The auditor offered to answer questions; none were raised.
The presentation included a reminder that auditors are required to report on internal controls and compliance under government auditing standards; the auditor also mentioned a recent GASB change affecting how compensated absences are accounted for but said it did not produce material issues in this audit.
The audit presentation will remain part of the public record; staff or council may return in a future meeting if additional follow-up is requested.
