Auditors give Milton an unmodified opinion but cite two material weaknesses

Kristin McAllister, partner at Warren Averitt CPAs, told the City of Milton council that the city and the Community Redevelopment Agency received an unmodified (clean) audit opinion for the fiscal year ending Sept. 30, 2025. "The most important first takeaway for you is that the City and the CRA did receive an unmodified opinion," McAllister said, adding that the clean opinion means the financial statements are "fairly presented in all material respects."

McAllister warned the council that a clean opinion does not mean there were no problems. She identified two material weaknesses: delays in completing bank reconciliations that required about 35 journal entries to correct cash accounting and errors in grant revenue recognition that affected the annual financial report and single audit filing. "Those two findings are the findings related to your cash reconciliation process and your grant revenue reconciliation process," McAllister said, referencing findings 2025-001 and 2025-002. Management has acknowledged the findings and has a corrective action plan; auditors noted the reconciliations were completed over the summer and that monthly reconciliation procedures are being implemented by the newly appointed finance director and comptroller.