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City auditor: FY25 books closed; free-cash submission nearly complete after large August claims reduced health trust balance
Summary
City Auditor John Richard told a Gardner City Council subcommittee on Oct. 1 that FY25 financial close went smoothly, he plans to submit the free-cash certification soon, and the citytrust fell from $1.8 million to $1.3 million after roughly $450,000 in claims.
John Richard, Gardner City auditor, told the Gardner City Council subcommittee on Oct. 1 that the city closed its FY25 books in July and is finishing the paperwork to seek a free-cash certification from the state.
"I'm probably about 95% complete right now. My goal is to submit for free cash, hopefully by Friday or early next week," Richard said. He said the Department of Revenue often returns questions after the initial submission; he expects to answer those and move quickly toward certification.
Richard said the city's health-trust balance stood at…
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