Outside accountant peers in on Westminster finances

The mayor and city council in Westminster received their copies of the city’s audit covering 2018-2019, along with an explanation from David Phillips of the Green Finney firm. The word “unmodified” was used to sum up the opinion of how outside eyes see the city’s handing of its monies. “Unmodified opinion is kind of a strange term,” Phillips said last night. “What it means is that we are not aware of a reason why your financial statements are misstated.” Phillips highlighted the largest numbers in Westminster’s financial records, including an unassigned fund balance of $424 thousand, an asset that the auditor regards as an important savings account.