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Wildwood auditor issues clean opinion for 2025; flags $21,000 late invoice as uncorrected misstatement
Summary
An auditor from Rubin Brown told the Wildwood City Council that the city received a clean, unmodified opinion for the 2025 year‑end financial statements and that the single‑audit report is in final draft. The auditor noted one $21,000 late invoice recorded in 2025 that relates to 2024 but is not material.
An auditor from Ruben Brown told the Wildwood City Council on July 13 that the city’s financial statements for the year ending Dec. 31, 2025, received a clean, unmodified opinion and that the federal single‑audit report is in final draft.
Brandy Lawyer, the auditor presenting the report, said the firm identified no internal control deficiencies or compliance issues that would change the opinion. "You are receiving a clean, unmodified opinion," Lawyer said, and added the city had no significant audit matters that required consultation outside the engagement team.
Lawyer told council members the audit found one late vendor invoice that the city recorded in 2025 although the expense related to 2024. "There's $21,000 in 2025 that really relates to 2024," she said, calling it an uncorrected misstatement required to be disclosed under auditing standards but not material enough to require a restatement.
The firm also completed a single‑audit review of federal grant activity, including the MoDOT highway‑planning grant, and reported no single‑audit findings, Lawyer said. Council members were advised the single‑audit report will be finalized after a final internal review.
Mayor Pro Tem Scott Ottenberg thanked the auditor and acknowledged the city finance officer by name for the work that led to the clean opinion. "We appreciate that," Ottenberg said, adding recognition for the efforts of the city's finance staff.
The presentation included references to notes in the financial statements where members can review significant accounting policies, sensitive disclosures (deposits and investments, long‑term liabilities, commitments and contingencies) and management’s Discussion & Analysis for a concise overview.
The auditor closed by offering to answer any follow‑up questions and said the firm expected to issue the final federal single‑audit shortly.
The council did not take any formal action beyond accepting the auditor’s presentation; city staff will finalize the single‑audit and circulate the final report when complete.
