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Auditors give Uintah an unmodified opinion but flag several compliance items
Summary
Child Richards auditor Corey Yuri presented the FY24–25 audit, delivering a clean (unmodified) opinion while noting two small findings—interfund service reimbursements and a late deposit—and several compliance items that staff agreed to address.
Corey Yuri of Child Richards presented the city udit for fiscal year 2024–25 and said the firm issued an unmodified (clean) opinion on the city—inancial statements.
"In our opinion, the financial statements present fairly in all material respects the respective financial position of those activities and funds," the auditor stated, summarizing the firm udit opinion and the work done under U.S. generally accepted auditing standards. He said the audit found no material weaknesses in internal control and no need for a modified opinion.
Yuri outlined accounting-policy changes the city adopted, including GASB guidance on compensated absences, and highlighted accounting estimates used by management such as fixed-asset valuations and capital contributions from developers. He identified two findings the audit team considered not material but worth correcting: (1) interfund service reimbursements were not being quantified and recorded consistently (auditors recommended the city decide on and adopt a recording method), and (2) a deposit was not made within the Utah Money Management Act'-business-day requirement; auditors recommended designating backup depositors.
The auditor also reviewed financial highlights: combined assets exceeded liabilities, unrestricted net position was reported, cash across accounts totaled about $2,200,000 at fiscal year end, and the city reported a net position change for business-type activities of roughly $59,500. Yuri described revenue and expenditure trends, noting general-fund expenditures exceeded budgeted amounts by about $158,000 and some enterprise funds had modest increases in cash or receivables.
On compliance testing, the auditors called attention to three state-guided items: the Open and Public Meetings Act (minutes upload timing), the statutory progress-assessment requirement (timing of the assessment presentation), and budgetary compliance (noting some fund overages, including a roughly $9,500 overage in the garbage fund). For each finding the auditor said management provided responses and stated corrective steps; for example, staff agreed to designate secondary uploaders for meeting minutes.
City leaders and the auditor characterized the findings as manageable. "If there was anything that would require a deeper conversation, we would have had it," the auditor said, noting that the findings did not rise to the level of significant deficiencies or material weaknesses. Council thanked the auditor and accepted the presentation.
Next steps: the audit report will be included in the city records and management has committed to implementing the procedural recommendations described during the presentation.
