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City auditors issue clean opinion on Wood Village 2024 financial statements
Summary
External auditors reported an unmodified opinion on the city\'s June 30, 2024 financial statements and found no exceptions to Oregon minimum-standard compliance; staff and council thanked auditors and finance staff for strong results.
Auditors told the Wood Village City Council the city received a clean audit for fiscal year 2024.
"We issued an unmodified opinion on the financial statements," auditor Tara Cam (Speaker 11) told the council, adding that the auditors found no exceptions under Oregon minimum standards and issued no management letter. She described the city\'s ACFAR (annual comprehensive financial report) process and noted the audit team had no disagreements with management during the engagement.
Councilors and staff thanked auditors and the finance team for their work and noted the city will continue to monitor new governmental accounting standards and prepare for future reporting changes.
