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Portsmouth EDA receives clean FY24 audit; staff presents second‑quarter FY25 financials
Summary
Auditors issued an unmodified opinion on the EDA's FY24 financial statements. Staff presented a Q2 FY25 report showing roughly $7.2 million cash, about $13.3 million in land held for sale and a net position reported around $21 million; presenters will circulate a PDF of the slides.
The Portsmouth Economic Development Authority on Jan. 21 heard results of its fiscal year 2024 audit and a second‑quarter financial report for FY25.
An auditor presenting the audit said the firm issued an unmodified (clean) opinion for FY24, the highest level of assurance that the financial statements are not materially misstated. The report was issued Dec. 12, 2024, and the auditor told commissioners the year was…
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