Wood Village audit returns unmodified opinion; city told no material exceptions
ClearTrail CPAs presented the City of Wood Village’s 06/30/2025 financial-statement audit, reporting an unmodified (clean) opinion and no significant exceptions in the Oregon minimum standards compliance review; auditors noted a handful of immaterial, uncorrected misstatements that did not affect the audit opinion.
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Tara Camp, partner at ClearTrail CPAs, told the council that the firm issued an unmodified opinion on the city’s financial statements for the year ending June 30, 2025, and found no exceptions in the Oregon minimum standards compliance audit except items noted in the report. "For the financial statement audit, we issued an unmodified opinion on the financial statements," Camp said, adding the city implemented GASB guidance related to compensated absences during the period.
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