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Astoria receives clean audit; one budgetary compliance finding disclosed
Summary
Baker Tilly delivered an unmodified opinion on Astoria’s FY2024–25 financial statements, reporting no reportable fraud and clean federal-grant compliance; auditors disclosed two budgetary overexpenditures as a compliance item in the audit opinion footnotes.
Astoria’s external auditors told the City Council on Monday that the city’s financial statements for FY2024–25 received an unmodified, or "clean," opinion.
"You received an unmodified opinion, meaning your financial statements are presented fairly in accordance with U.S. Generally Accepted Accounting Principles," said Ashley Austin, a principal with Baker Tilly who led the audit presentation. Austin told councilors the firm completed fieldwork in March and found no reportable matters of fraud, waste or abuse and no control findings related to federal Uniform Guidance grant compliance.
The auditors did note one compliance disclosure: two budgetary overexpenditures that Oregon minimum audit standards require be included in the audit opinion and disclosed in footnotes. Austin said the engagement encountered no significant difficulties and that management declined to post a couple of immaterial proposed audit adjustments.
The report also summarized recent accounting standard changes and their limited impact on Astoria’s statements. Councilors had no substantive questions about the firm’s conclusions and thanked staff for cooperating during the audit process. Baker Tilly said it will return next year as part of the routine annual audit cycle.
