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Atwater City Council accepts 2024 audit; auditors issue clean opinion but flag procedural gaps
Summary
Auditors gave the City of Atwater an unmodified (clean) opinion on its FY2023-24 financial statements but identified three significant deficiencies — late audit timing, incomplete long-term-debt roll-forward schedules and missed suspension/debarment checks for federal contractors; council accepted the reports unanimously.
The Atwater City Council on Oct. 13 received and accepted the city27s annual financial report and single-audit for the year ended June 30, 2024, after an audit partner told council the statements received an "unmodified opinion." Anna Nicholas, the city27s finance director, introduced the item and said the audit and related reports were included in the agenda packet.
"We have issued an unmodified opinion," Ahmed Badawi of Badawi & Associates told the council, summing up the firm27s audit opinion and explaining that an unmodified opinion means the financial statements are fairly stated. Badawi walked members through the firm27s scope, methodology and several key financial measures, noting the city holds robust cash and…
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