Oshkosh's financial health received a strong endorsement during the Common Council meeting on September 9, 2025, as the city presented its latest audit results. The audit revealed a clean, unmodified opinion, indicating robust internal controls and compliance with federal and state regulations. This positive outcome reflects the effectiveness of the city's financial team.

The general fund balance saw a significant increase of approximately $4.8 million for the 2024 fiscal year, bringing the unassigned fund balance to just above 40%. This figure is well above the recommended threshold of 20-30%, suggesting a strong financial position as the city prepares for the 2025 fiscal year.

The meeting also highlighted the city's overall debt management, showing that debt service remains below 40% of non-capital general fund expenditures for the past three years. This trend indicates a healthy return on investment from the debt incurred, supporting ongoing development and tax base growth.

Additionally, the water utility reported a rate of return of 4.9% for 2024, slightly up from 4.6% in 2023, following a mid-year rate increase. While this return is below the authorized rate, it remains competitive within the current market.

Overall, the audit results and financial observations presented at the meeting underscore Oshkosh's solid fiscal management and position the city well for future growth and stability. The council's commitment to maintaining financial health will be crucial as they move forward into the next fiscal year.