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Cedar Falls treasurer presents FY2025 financial report; auditors issue clean opinion, no council action tonight
Summary
City Treasurer Lisa Rolling presented the fiscal year 2025 annual comprehensive financial report to the committee of the whole, reporting an unmodified (clean) audit opinion from Eide Bailey and saying single-audit components linked to federal expenditures over $750,000 will be filed later; the report will appear on the consent calendar for formal acceptance.
Cedar Falls — City Treasurer Lisa Rolling presented the Fiscal Year 2025 Annual Comprehensive Financial Report to the Cedar Falls City Council Committee of the Whole on Monday, saying auditors issued an "unmodified clean opinion" and that single-audit materials tied to federal expenditures over the $750,000 threshold will be provided later.
Rolling said the report, prepared under generally accepted accounting principles, is intended to give residents, elected officials, management, bondholders and rating agencies a clear picture of the city’s financial condition. "The auditors did issue an unmodified clean opinion," she said, describing that as the highest level of assurance that the city's financial…
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