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Mason auditor reports single-audit compliance; OPEB plan described as fully funded
Summary
Auditor Miss Barnes told the City of Mason council the 2024–25 single audit found no material weaknesses and that the city's OPEB plan was fully funded at the report snapshot; council voted 6-0 to receive the audit as a draft with the final to be posted later.
Miss Barnes, the external auditor, presented the City of Mason's 2024–25 annual audit and told council the city met single-audit requirements after recording more than $1,200,000 in federal expenditures for the year. "So as of this snapshot in time, that plan is considered fully funded," she said when describing the city's other post-employment benefits (OPEB) position. She reported roughly $2,000,000 in plan assets and about $1,800,000 in OPEB liability and characterized the position positively.
Barnes said auditors focused coverage on a…
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