The Special City Commission Meeting held on June 23, 2025, in Deltona, Florida, focused primarily on the presentation of the audit results for the fiscal year ending September 30, 2024. Tim Westgate and Lori Walker from the auditing firm Pervis Gray provided an overview of the audit findings, emphasizing the city’s compliance with various financial reporting requirements.

Westgate opened the meeting by thanking the commission for the opportunity to present the audit results, which had been delayed from an earlier date. He highlighted that this audit fulfills the external financial reporting obligations mandated by Florida statutes and other regulatory bodies. The city has consistently participated in the Government Finance Officers Association (GFOA) program, which recognizes excellence in financial reporting, and has received this award for many years.

The auditors reported an unmodified opinion, indicating a clean audit with no material weaknesses or significant deficiencies identified. This clean report reflects positively on the city’s financial management and internal controls. Additionally, compliance with Florida statutes regarding the investment of public funds was confirmed to be satisfactory.

Westgate noted that the city’s general fund balance reached $778 million, marking over a decade of growth. The water and sewer fund also showed a positive increase in net position, and the employee retirement fund reported a significant increase in net position, now funded at 86%. These figures suggest a stable financial condition for the city.

The auditors addressed previous concerns regarding IRS compliance issues from the prior year, stating that these had been resolved, and no liabilities were recorded in the current year. They also provided recommendations for improving the financial reporting process, particularly in light of recent staff turnover that impacted the timeliness of the audit.

During the discussion, commissioners raised questions about the city’s financial health and the potential for future financial constraints. Westgate reassured them that there were no indicators of deteriorating financial conditions, and the city is not at risk of bankruptcy in the foreseeable future.

The meeting concluded with commendations for the city staff's cooperation throughout the audit process and recognition of the efforts made to maintain financial stability. The auditors encouraged the city to continue its proactive financial management practices to prepare for future challenges.