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Auditors give city an unmodified (clean) opinion on 2024 financial statements
Summary
Auditors reported an unmodified opinion on the city's June 30, 2024 financial statements, found no material misstatements or Oregon minimum-standards findings, and noted the net pension liability is calculated by the State of Oregon.
Auditors told the audit committee the city's financial statements for the year ended June 30, 2024, received an unmodified (clean) opinion. "It was a clean opinion or an unmodified opinion," Presenter Moffitt said, adding the audit work was completed on Dec. 19, 2024.
Moffitt said the firm found no material misstatements, no transactions lacking authoritative guidance, and no disagreements with management. He noted certain schedules (10-year schedules, pension schedules, the statistical section) receive limited procedures rather than a full audit opinion. The auditors also confirmed the city had received the Government Finance Officers Association certificate of achievement for the ACFR for the 06/30/2023 statements.
