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Auditors give Boulder City a clean FY24 opinion but flag a significant year-end control deficiency
Summary
Audit partner Chad Atkinson told the Boulder City Audit Review Committee on Jan. 9 that auditors issued an unmodified (clean) opinion on the FY24 financial statements but recorded one significant deficiency (2024-001) tied to year-end accounting controls during a staffing transition; management says it has hired new staff and will strengthen documentation and cross-training.
Audit partner Chad Atkinson told the Boulder City Audit Review Committee on Jan. 9 that the independent audit of the city’s fiscal year 2024 financial statements resulted in an unmodified (clean) opinion but included one significant deficiency related to year-end accounting and financial statement controls.
Atkinson said the auditors and city staff identified several adjustments after the trial balance was submitted, leading to the reportable finding 2024-001. "We issued an unmodified opinion or clean opinion on the financial statements," he said, adding that the finding stemmed from year-end accounting handoffs during a staff transition.
Finance Director Cynthia Sneed told the committee the city…
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