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Astoria receives clean audit; Moss Adams flags one immaterial timing adjustment
Summary
Moss Adams told the Astoria City Council it issued an unmodified (clean) opinion on the city's 2023'24 financial statements, found no internal-control or single-audit compliance findings, and noted an immaterial uncorrected timing adjustment tied to a Motorola emergency communications contract.
Moss Adams presented the results of Astoria's fiscal 2023'24 audit, delivering an unmodified opinion on the city's financial statements and reporting no material internal-control or federal single-audit compliance findings.
"We issued an unmodified opinion on your financial statements, meaning your financial statements are presented fairly," auditor Ashley Austin told the council, adding that the firm conducted its work with the independence expected of an external auditor. Austin said the firm also issued the required single-audit reports because the city spends more than $750,000 in federal funds and that their testing of coronavirus-relief funding produced no compliance findings.
Austin told the council there was one uncorrected audit adjustment the city elected not to post because staff judged it immaterial to the financial statements as a whole. The item arose from a Motorola contract signed 06/27/2024 that was accrued and expensed in 2025; the adjustment would have increased capital outlay expense and accounts payable in 2024 by roughly $291,000. "It is above our findings threshold, so we're required to let you all know about it, but we were fine with management passing on it because we ultimately think it's immaterial to the financial statements taken as a whole," Austin said.
Austin also noted an emphasis-of-matter footnote tied to the city's adoption of GASB 100; she said the change required disclosure but did not affect the audit opinion. City staff confirmed they had asked for and received an extension from the secretary of state's audits division and that the audit reports were issued on February 28, meeting the extended schedule.
Council members asked clarifying questions about the adjustment timing and about penalties or control findings; Austin and city engineers/staff answered that the adjustment was a cutoff issue and that there were no material weaknesses or disagreements with management to report. The council offered thanks to staff and the planning commission for their cooperation during the audit process.
