Lompoc Council accepts FY24–25 audit; auditors issue clean opinion but note one significant deficiency
City auditors issued an unmodified opinion on the FY24–25 financial statements but noted one significant internal‑control deficiency; council asked staff for follow-up on receivables, restricted funds, a $944,000 credit‑card fee impact, and pension obligations, and accepted the report 5–0.
The full story
The Lompoc City Council accepted the FY24–25 comprehensive annual financial report and audit on March 3 after a presentation by auditors from LSL and the city’s finance staff. The auditors issued an unmodified (clean) opinion but reported one significant deficiency in internal controls and noted no material weaknesses.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in