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Saint Peter Council accepts 2024 financial statements, auditor reports internal control findings
Summary
The council accepted the city’s 2024 financial statements and the independent auditor’s report, which included a clean opinion but noted three findings: recurring year‑end adjustments, segregation‑of‑duties weaknesses and a collateral shortfall that was corrected by year‑end.
The Saint Peter City Council voted Aug. 25 to accept the city’s 2024 financial statements and the independent auditor’s report after a presentation from Jim Eichten of LV Carlson.
Eichten told the council he issued a clean (unmodified) opinion on the financial statements for the year ended Dec. 31, 2024, but reported three findings in his management report: recurring financial‑statement adjustments that should be caught by internal controls,…
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