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Grundy Center audit: CPA issues 'unmodified opinion,' recommends stronger collection controls
Summary
Rachelle Thompson, CPA presented the FY2025 city audit to the Grundy Center council on March 16, reporting an unmodified opinion and recommending implementation of a collection policy and review of delinquent utility billings to address segregation-of-duties and control findings.
Rachelle Thompson, CPA, presented the Grundy Center City’s FY2025 audit on March 16 and issued an "unmodified opinion," indicating the auditor found the city's financial statements were presented fairly in all material respects.
Thompson told the council that while the audit produced the best possible opinion, her review included findings that the city should address, notably improved segregation of duties and tighter controls over utility billing and collections. When Mayor Paul Eberline asked if anything required immediate attention, Thompson recommended adopting a formal collection policy and reviewing delinquent utility accounts.
Thompson’s recommendation means the council and staff will likely review current billing and collection practices and consider formalizing procedures, including how delinquent accounts are handled.
What comes next: The city clerk and relevant staff were advised to review the auditor’s findings and present recommended policies or controls in a future meeting.
