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Norwalk receives unmodified FY2025 audit; city staff flagged minor compliance issue
Summary
Independent auditors gave Norwalk an unmodified (clean) opinion on the fiscal year ended June 30, 2025, reported healthy cash balances driven by bond proceeds, noted a material upcoming Central Iowa Water Works disbursement, and recommended that vendor documentation supporting reimbursements be strengthened.
Auditors from Denman CPAs presented the Norwalk Fiscal Year 2025 audit and issued an unmodified opinion on the city’s financial statements, the highest level of assurance the firm provides.
Key takeaways: Robert Enders told council the city uses cash‑basis reporting (common for cities this size) and reported total cash receipts of about $47.5 million (a large increase driven by bond issuances), total cash…
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