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Lompoc Council accepts FY24–25 audit; auditors issue clean opinion but note one significant deficiency
Summary
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 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.
Auditors’ summary: Riley Greenlee of LSL described a risk‑based audit approach and said the audit was performed under GAAS, government auditing standards and uniform guidance where applicable. He told the council the audit resulted in an unmodified…
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