The City of Blue Earth received a largely clean audit for its latest financial statements.
Auditors with CarlsonSV reported an unmodified or “clean” opinion for all financial reporting areas, with the exception of governmental activities, which received a qualified opinion due to accounting requirements related to pension reporting under GASB 68. Auditors stressed the qualification was tied to pension accounting standards and not the City’s overall financial condition.
The audit found no compliance violations and no significant audit difficulties. Auditors did note internal control limitations because they prepared the city’s financial statements and made 31 audit related journal entries. Management was credited with maintaining good records and being cooperative throughout the audit process.
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