Auditors give Osage Beach clean opinion for 2025; recommend disaster-recovery, cybersecurity planning
July 17, 2026 | Osage Beach, Camden County, Missouri
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Hood & Associates presented the City of Osage Beach's annual comprehensive financial report and single-audit results for the fiscal year ended Dec. 31, 2025, telling the Board of Aldermen that the firm issued an unmodified (clean) opinion on the city's financial statements.
"We have issued an unmodified opinion, otherwise known as a clean opinion, that the financial statements are fairly presented in all material respects," Michael Keenan of Hood & Associates told the board. Keenan said auditors did not identify any illegal acts or material weaknesses in internal control and that the city complied in all material respects with finance-related laws and regulations examined during the audit.
Keenan and Hood's engagement team noted a few management-letter items and recommendations for best practices, including business-continuity and disaster-recovery planning and enhanced cybersecurity measures. The auditors said these items are suggestions to improve controls and that management had responded with plans or acknowledgments of the recommendations.
Keenan also noted a change in the reporting entity: the city now discloses the water and sewer fund separately in note 14 of the annual comprehensive financial report, a change auditors said improves transparency when assessing fund performance.
The board thanked auditors and city finance staff; Keenan thanked city treasurer Carrie Bell and staff members Torrin Shirts and Selena Franklin for their assistance during the audit. The auditors said they would be available to answer follow-up questions and that they look forward to continuing the engagement.
"We have issued an unmodified opinion, otherwise known as a clean opinion, that the financial statements are fairly presented in all material respects," Michael Keenan of Hood & Associates told the board. Keenan said auditors did not identify any illegal acts or material weaknesses in internal control and that the city complied in all material respects with finance-related laws and regulations examined during the audit.
Keenan and Hood's engagement team noted a few management-letter items and recommendations for best practices, including business-continuity and disaster-recovery planning and enhanced cybersecurity measures. The auditors said these items are suggestions to improve controls and that management had responded with plans or acknowledgments of the recommendations.
Keenan also noted a change in the reporting entity: the city now discloses the water and sewer fund separately in note 14 of the annual comprehensive financial report, a change auditors said improves transparency when assessing fund performance.
The board thanked auditors and city finance staff; Keenan thanked city treasurer Carrie Bell and staff members Torrin Shirts and Selena Franklin for their assistance during the audit. The auditors said they would be available to answer follow-up questions and that they look forward to continuing the engagement.
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