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Auditor gives Ventura LAFCo a clean FY2025 opinion; commission receives report
Summary
Factor and Company presented a clean audit for Ventura LAFCo for the year ended June 30, 2025, noting one beginning‑balance adjustment removing a compensated‑absences liability. Commissioners questioned GIS budget overages and audit sampling; the commission voted to receive and file the report.
Factor and Company presented a clean audit of Ventura LAFCo’s financial statements for the year ended June 30, 2025, and the commission voted to receive and file the report.
Michael Fink, the lead auditor, told the commission the engagement produced an unmodified opinion and no reportable material weaknesses in internal control. “We had a clean opinion. There were no departures from GAAP,” Fink said, adding the audit proceeded smoothly with readily available documentation and few adjustments.
The auditor disclosed a single accounting change: removal of a compensated‑absences liability from the…
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