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Randleman board approves clean FY2022–23 audit

Randleman Board of Aldermen · November 6, 2024
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Summary

The Randleman Board of Aldermen unanimously approved the final Fiscal Year 2022–2023 audited financial statement after the auditor reported no material misstatements, the board heard during its Nov. 6 meeting.

The Randleman Board of Aldermen unanimously approved the City’s final Fiscal Year 2022–2023 audited financial statement on Nov. 6, 2024.

Elizabeth Sechriest, Randleman’s finance director, presented the audit findings and said the City had prepared materials for the auditors. According to the minutes, Ben Ripple of Bernard Robinson L.L.C. relayed that the audit "was free of material misstatements and was found to be a clean audit." Alderwoman Melissa Allred Blalock moved to approve the audited financial statement; Alderwoman Kimmy Williams seconded, and the motion passed unanimously.

Why it matters: A clean audit indicates the auditor found no material misstatements in the city’s financial statements for FY2022–23, a key assurance for residents and oversight bodies that the city’s reported finances present fairly in accordance with applicable accounting standards.

What was said: Sechriest summarized the audit and delivered a PowerPoint the auditors and finance staff prepared for the mayor and board. The minutes record Ripple’s conclusion about material misstatements and the board’s unanimous approval. The board did not record additional conditions, qualifications, or vote tallies beyond "unanimously approved."

Next steps: The minutes do not list further follow-up actions tied to the audit; the board moved on to other agenda items after approving the statement.