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Audit gives Spring Hill a clean opinion but flags material internal-control and cybersecurity gaps
Summary
Auditors delivered an unmodified opinion on Spring Hill's FY2025 financial statements but reported a material weakness in the financial close and internal-control processes, a material internal-control weakness tied to a federal SAFER grant, and a compliance finding for the city's missing/undocumented cybersecurity plan; management accepted corrected adjustments.
Auditors told the Spring Hill Budget & Finance Committee on May 4 that they issued an unmodified (clean) opinion on the city's FY2025 financial statements but identified several significant control problems that require attention.
"The audit opinion is an unmodified opinion ... That's the best possible opinion that we can provide," the lead auditor said, noting an "emphasis of matter" for a change in accounting policy — the implementation of GASB 101 on compensated absences — that required restatement of prior-year balances. The auditor also said the internal-control report included a material weakness (finding 2025.001) in the financial close and reporting process and a separate material internal-control weakness (finding 2025.002) related to a tested federal program (the SAFER grant). The audit included an additional compliance finding (2025.003) tied to the…
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