Get email alerts on the Audit Opinion topic
No spam. Unsubscribe anytime.
Auditors say draft is clean; board to consider final approval on the 21st
Summary
Fortis and Zars auditors reported a preliminary unmodified ("clean") opinion on the draft 2025 AFCIBR financial statements and said the federal single-audit for the transit cluster showed no material weaknesses; the board will consider final approval at its next meeting on the 21st.
Auditors from Fortis and Zars told the board they plan to issue an unmodified (clean) opinion on the city’s 2025 financial statements and found no material weaknesses in the audit so far.
"We are, preliminarily issuing a, unmodified opinion or a clean opinion on the financial statements," said Katie Flores, senior manager with Fortis and Zars. She also told the committee the single-audit for the major federal program audited this year—the federal transit cluster—showed no noncompliance or findings to date.
The audit team said its remaining work is final tie‑outs and the quality-review process. David Coleman, audit partner, told the committee the plan is to present the final report for board approval on the 21st; after board approval the auditors will issue rep letters and finalize the report. The auditors characterized the city as a "low risk auditee" for federal awards and noted that future federal grants above $1,000,000 will require audit attention.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
