Excelsior Springs receives clean audit opinion

Excelsior Springs receives clean audit opinion

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Excelsior Springs reduced the time needed to complete its annual audit by more than half while earning a clean opinion on its fiscal year 2023 financial statements, though auditors identified five findings city officials continue to work to address.City Council members received the fiscal year 2023 audit presentation during a recent meeting from Finance Director Vonda Floyd and Forvis Mazars representative Jacob Holman. The audit reviewed the city’s finances and federal grant compliance activities while documenting significant progress in reducing the city’s audit completion timeline.Holman explained Forvis Mazars was engaged to conduct two separate audits. The first examined the city’s financial statements, including all departments and funds, while the second reviewed federal grant compliance because Excelsior Springs expended approximately $1.3 million in federal funds during fiscal year 2023. The federal review included an ex...

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