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Brainerd Public Utilities auditors issue unmodified opinion; commission approves audit
Summary
CliftonLarsonAllen presented an unmodified opinion on Brainerd Public Utilities’ financial statements, noting a roughly $2.2 million increase in net position year over year; the commission accepted the audit and asked staff follow-up questions about department reporting and purchase-power adjustments.
CliftonLarsonAllen delivered a clean audit of Brainerd Public Utilities and the commission voted to accept the results.
"So an unmodified opinion," said Mary Rei, the engagement principal for CliftonLarsonAllen, describing the highest level of assurance auditors can give on financial statements. The auditors also said there were no material corrected misstatements and no Minnesota legal-compliance findings.
The firm reported the utility recorded about a $2.2 million increase in net position for the year, driven largely by rate increases across electric, water and wastewater departments and…
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