City Of Champaign: Champaign Receives Another Clean Audit Opinion

Champaign IL

27 January, 2022

9:59 AM

Description

Press release from the City of Champaign: January 26, 2022 At the January 25, 2022, City Council meeting, Finance Department staff presented the Annual Audit. The City's independent auditor expressed the opinion that the City's Annual Comprehensive Financial Report (ACFR) for fiscal year 2020/21 fairly presents the financial position of the City in all material respects and in conformity with generally accepted accounting principles in the U.S. In other words, the City received a "clean" audit opinion. The Report shows that the City has maintained its sound financial condition and City staff is pleased to point out that there were no material weaknesses in internal control and no instances of noncompliance with grant requirements that were material to the financial statements. This press release was produced by the City of Champaign. The views expressed here are the author's own.