East Ridge receives clean audit but auditors note two repeat internal-control findings
HHM CPAs presented the FY2025 audit to the City Council, issuing an unmodified opinion on the financial statements and federal awards while reporting two repeat internal-control findings; auditors said management has a corrective-action plan and the general fund balance equals roughly five months of operating expenditures.
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Brock Oliver of HHM CPAs told the City Council on March 12 that the firm issued an unmodified ("clean") opinion on the City of East Ridge's FY2025 financial statements and on the single-audit of federal awards, including ARPA funds. He said auditors spent roughly 400 hours on the engagement and that no fraud or disagreements with management were identified.
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