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City accepts FY 2024–25 audit; auditors issue clean opinion
Summary
Larkspur City Council received the fiscal year 2024–25 audit, which delivered an unmodified (clean) opinion. Auditors highlighted routine risks — revenue recognition, management override and pension/OPEB estimate sensitivity — and council unanimously accepted the report.
The Larkspur City Council on Dec. 3 received the fiscal year 2024–25 audit and voted unanimously to accept the auditors’ report.
Mitesh Desai, engagement partner with Badawin Associates, told the council the firm issued an unmodified opinion on the city’s basic financial statements, meaning the statements are fairly presented in all material respects. Desai summarized the audit’s scope and deliverables — the opinion on the financial statements, an internal control and compliance report, and a forthcoming ARPA examination — and said the firm found no material…
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