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Auditor reports clean 2024 opinion; Stewartville’s reserves, tax revenue rise
Summary
An independent auditor told the Stewartville City Council the city's 2024 financial statements received a clean, unmodified opinion and that fund reserves remain healthy, driven by higher property-tax collections and investment income.
Andrew of Smith Schafer Associates presented the city’s 2024 year-end financial statements and told the council the firm issued a clean, unmodified audit opinion on the city’s financial statements.
“This audit opinion is a clean, unmodified opinion,” Andrew said, adding the audit provides reasonable — not absolute — assurance that the statements are free of material misstatement. He told the council the city’s accounting records were “in good standing,” and that the firm found no exceptions in its tests of Minnesota legal compliance, including conflicts of…
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