City audit returns clean opinion but flags four recurring documentation issues

Sandy Perry of Clifton Larson Allen told the City Council on Feb. 10 that auditors issued an unmodified (clean) opinion on the city's annual financial statements and single audit report, signaling no material misstatements in the year-end results. Perry said auditors identified four findings that city staff should address: continued reliance on the auditing firm to prepare financial statements, journal-entry corrections needed before final statements, errors in federal grant expenditure reporting, and insufficient documentation for financial reviews and inventory counts.