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Carson City CTA receives unqualified FY2025 audit; board approves financial statements

Carson City Culture and Tourism Authority Board of Directors · November 10, 2025
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Summary

Auditors delivered an unqualified (clean) opinion on the Carson City Culture & Tourism Authority’s FY2025 financial statements; the board unanimously approved the audit report after staff highlighted increased assets, net position growth and an advance grant for a cultural-corridor project.

The Carson City Culture & Tourism Authority board voted Nov. 10 to accept the authority’s fiscal year 2025 audit and financial statements after auditors reported a clean, unqualified opinion.

Suzanne Olsen, introduced to the board by KC Neland of KC Neland, told members the audit found total assets and deferred outflows increased from $4,800,000 to $6,100,000 as of June 30, 2025, while total liabilities and deferred inflows rose from $2,300,000 to $2,900,000. "We did have an unqualified audit…

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