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Livingston auditors give FY25 a clean opinion; one compliance finding tied to impact-fee fund
Summary
The city's FY25 financial statements received an unmodified (clean) audit opinion; auditors reported a recurring compliance finding concerning the city's accumulation of impact-fee funds held for a planned railroad crossing rather than an operational error. The commission approved the FY25 report unanimously.
The Livingston City Commission accepted the FY25 annual comprehensive financial report on Dec. 3 after auditors from Amatics CPA Group presented the report and answered commissioners' questions.
Morgan Scar of Amatics told the commission the audit provides an "unmodified" or clean opinion — the best opinion an auditor can give. "Based on the audit we performed, the financial statements presented here are materially correct in accordance with generally accepted accounting principles," Scar said.
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