The Town of Jonesboro has received the official findings of the 2023-24 Financial Audit conducted by Bosch & Statham, CPA. To the delight of the current administration, an unmodified opinion was received, meaning for the first time in several years prior, the Town of Jonesboro avoided being put on the dreaded “non-compliance” list.

By definition, an unmodified opinion is a favorable audit outcome, sometimes called a “clean” or “unqualified” opinion, indicating that an auditor has concluded the financial statements are presented fairly, in all material respects, according to the applicable financial reporting framework, without any significant errors or misstatements.

“We have audited the accompanying financial statements of the governmental activities, the business-type activities, and each major fund of the Town of Jonesboro, as of and for the year ended June 30, 2024. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, and each major fund of the Town of Jonesboro, as of June 30, 2024. In summary, the auditor’s report expresses an unmodified opinion on whether the financial statements of the Town of Jonesboro, Louisiana (the Entity) were prepared in accordance with GAAP. “ – Bosch & Statham, CPA

After receiving a “non-compliance” finding on the 2022-23 audit report, the new findings are a very positive indication that the state of Louisiana auditors are in agreement with the Town of Jonesboro’s progress in areas of accountability, reform and transparency This was also indicated over the past year by the State of Louisiana approving to release funds to the town to help with critically needed infrastructure repair. 

While the report was a positive sign that the current administration is handling the finances of the town in a truthful manner, there were certain ‘material weaknesses”  shown that are still in need of correction. 

According the Mayor Harris, a corrective response in those areas has already been drafted and submitted to the state. 

“While auditors did find areas that still need to be corrected, this report is not a setback; it is a turning point,” said Harris. “For years, problems were ignored or hidden. Today, the Town of Jonesboro is confronting them head-on. We are breaking the cycle of recurring audit findings, correcting what was broken, and building stronger systems for the future. The people of Jonesboro deserve truth, transparency, and progress. This administration will continue delivering exactly that.” Jonesboro Mayor James “Spike Harris

To see the actual audit report received by the Town of Jonesboro, click here.