Avon receives clean opinion on FY2023 financial statements, auditors note a carryover compliance finding

CliftonLarsonAllen LLP presented the Town of Avon’s Annual Comprehensive Financial Report for the year ended June 30, 2023, reporting an unmodified (clean) opinion on the financial statements and on major federal and state programs, Jessica Aniskoff told the Board of Finance.

The auditors said there were no findings reported on internal control over financial reporting and no compliance findings on the federal or state single-audit tests. For federal awards, the ARPA program received an unmodified opinion with no compliance findings, the auditor said.

Aniskoff flagged one internal-control finding that was a carryover from the prior year: insufficient documentation or policy around suspension and debarment screenings for federal awards as of June 30, 2024. She said the town updated its policy in July 2024 and, because the change occurred after the audit period, the finding remained in the FY2023 report as a repeat item but is expected to be resolved for the June 30, 2025 audit.

The auditors also disclosed small, uncorrected misstatements related to leases and SBITAs (software arrangements). Aniskoff said management identified those items, considers them immaterial to the financial statements as a whole, and will continue to monitor them annually.

Board members asked for no further clarification and had no additional questions for the auditors. The presentation also called out upcoming GASB pronouncements (Statements 101–103) that may affect compensated-absence reporting, risk disclosures, and the financial reporting model in future audits.

The audit presentation was informational; no formal action was taken at the meeting.