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City council accepts FY23–24 audit after auditors note material weaknesses and fiduciary correction
Summary
City Council accepted the fiscal 2023–24 audited financial statements after Vasquez & Company issued a clean opinion while identifying repeated internal‑control deficiencies and reporting that previously unrecorded fiduciary activity totaling about $9.3 million was added to the city's statements.
The City of Needles City Council voted unanimously to accept the city’s fiscal year 2023–24 audited financial statements after auditors issued a clean opinion while flagging control deficiencies and reporting a corrected disclosure of restricted fiduciary funds.
Mark Demaine, the city’s finance director, introduced auditors from Vasquez & Company and told the council the audit had been completed more efficiently this year. Roger Martinez, CPA, the lead auditor, told the council the firm issued a clean opinion on the financial statements as of June 30, 2024, and that…
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