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External audit issues unqualified opinion on Newton’s 2019 finances
Summary
Martin‑Starnes & Associates presented the City of Newton’s FY2019 audited financial statements and issued an unqualified opinion, indicating the statements present fairly in all material respects; the audit is available on the city's website.
Elsa Watts of Martin‑Starnes & Associates presented the City of Newton’s FY2019 audited financial statements at the Jan. 7 council meeting and reported an unqualified opinion.
Watts told the council the financial statements "present fairly, in all material respects, the respective financial position," which she said results in an unqualified opinion, meaning the auditors found no material misstatements and that accounting rules were followed. She praised finance staff cooperation. City Manager Todd Clark thanked Watts and Finance Director Vickie Thomas and noted the audit is available to the public on the City’s website.
No further action was required; the audit report was entered into the council record and referenced as on file in the Office of the City Clerk.
