Howe accepts FY 2023–24 audit; auditors flag material weakness in controls
The City Council accepted an unmodified FY2023–24 audit showing a $2,755,912 net position and a $33,006 increase from the prior year; auditors reported a material weakness in internal controls over financial reporting and recommended separating restricted funds, improved reconciliations and document retention.
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The Howe City Council unanimously accepted the FY2023–24 audit presented by Vail and Park PC. Susan Mopala, the engagement principal, told the council the firm issued an unmodified (clean) opinion on the financial statements but identified a material weakness related to internal controls over financial reporting and several significant deficiencies.
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