Title
Presentation: Annual Comprehensive Financial Report for the Fiscal Year ended June 30, 2023 by RSM US LLP.
Body
Issue/Request:
Each year the City is required to undergo an independent audit of its financial statements, and a Single Audit is performed on grant expenditures. The City received an unmodified or "clean" audit opinion for our FY2023 ACFR. The Single Audit report found one significant deficiency for an adjusting entry for accrued expenses. However, no material weaknesses were reported, and no findings or questioned costs were reported.
Kristen Hughes, Senior Audit Manager, and her team with RSM US LLP will be presenting the report.
Key Issues:
This is the fourth audit conducted for the City under a contract with RSM US LLP.
Proposed Committee Motion:
No action required. Presentation only.
Presenter
Bette Wordelman, Finance Director
Kristen Hughes, Senior Director, RMS US LLP