The city’s independent auditors presented the annual financial statements and an unmodified (“clean”) opinion for the fiscal year ended Sept. 30, 2024, during the Bruceville‑Eddy City Council meeting on March 27.

The auditor told the council total assets for the city were about $12.7 million at year‑end, made up largely of $5.8 million in cash and receivables and about $7.0 million in capital assets. Total liabilities were roughly $2.0 million, about $1.5 million of which the auditor said represented outstanding debt. That left the city with a net position of approximately $10.7 million.

The auditor also reviewed the statement of revenues and expenses. Total city revenues for the year were about $4.1 million, the auditor said, with roughly $1.5 million attributable to the general fund and $2.6 million to the water and sewer (utility) fund. Total expenses were roughly $3.3 million, producing a surplus of about $805,000 for the year. On the general fund the auditor said public safety accounted for the largest share of expense; the water fund’s largest expense increases were payroll and insurance. The auditor noted that some water fund revenue increases reflected recognition in 2024 of COVID‑related grant funds used for a water improvement project.

Council members asked no follow‑up questions and accepted the report. The auditor emphasized that the clean opinion indicates compliance with applicable accounting and reporting standards.