City’s financial audit reviewed

MONTICELLO — The City of Monticello has received a favorable audit of its finance reporting in fiscal year 2023.

As an organization trusted with responsibly managing public dollars, the city is required by state law to have an independent third party conduct an annual audit of its financial statements.

As part of a five-year contract, the auditing firm Abdo, comprised of licensed certified public accountants, conducted the city’s audit for the third year, looking at 2023, and issued an audit opinion on May 20.

At its most recent meeting on May 28, the City Council was provided with an overview of the audit results from Abdo partner Bonnie Schweiger.

Offering the highest opinion possible, Schweiger said Abdo issued an unmodified (“clean”) audit opinion on the city’s financial statements and found no instances of noncompliance with internal controls or with state and federal requirements.

The goal of the independent audit is to provide reasonable assurance that the financial statements of the city for the fiscal year are free of material misstatements.