City auditor gives Robinson an unmodified opinion; council accepts quarterly investment report and approves Atmos steering-committee resolution

An independent auditor told the Robinson City Council on March 3 that the city’s financial statements for the fiscal year ending Sept. 30, 2024 received an unmodified opinion, and council members accepted the city’s quarterly investment report for the quarter ending Dec. 31, 2024 and approved a resolution to continue participation with the Atmos steering committee.

John Manning, representing the auditing firm presenting the report, said the auditors were able to “offer an unmodified opinion” on the city’s financial statements and described that result as the top of the four possible opinions auditors can give. Manning said an unmodified opinion means the auditors “did not have to modify our opinion for things that the city was not keeping track of.”

The audit presentation highlighted several figures: the council was shown the balance sheet as of Sept. 30, 2024, with roughly $21 million in governmental total assets and about $12.8 million of restricted cash from recent bond proceeds. Manning also noted that proceeds from bond issuances were still largely in cash awaiting project spending, and that the city’s governmental funds closed the year with roughly $12.2 million in revenues and ended the year with a fund balance near $6.9 million. Manning said the city’s fund balance exceeded GFOA’s recommended minimum of about four months of operating expenditures.

Craig (presenter for the quarterly investment report) reported the quarter-ending book and market value of investments rose from $44,820,198 at the start of the quarter to $46,956,007.54 at quarter end, and the average quarterly yield was 4.55%. Craig said quarterly interest earnings for the period were $566,277. The council moved to accept the quarterly investment report; the motion was made, seconded and carried with the council chair calling the vote “Aye” with no opposition recorded on the floor.

On the consent agenda the council approved minutes for recent meetings and approved Resolution No. 2025-3-R, “authorizing continued participation with the steering committee of cities served by Atmos.” The consent motion passed after the mayor called for the question and members voted “Aye.”

Manning also reviewed single-audit work required for federal funds and said the city spent above the threshold requiring extra testing (about $862,000 of federal funds related to COVID/ARPA), and the auditors found no significant deficiencies or material weaknesses in grant compliance testing. Manning praised the finance staff for documentation and responsiveness during the audit.

Ending: The council did not discuss immediate budget changes at the meeting; Mannings’ presentation concluded with an offer to answer follow-up questions and with staff indicating they would provide copies of the audit documents for review and possible public distribution.