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Leon Valley presents unaudited FY2025 results; council moves to negotiate new audit contract
Summary
Finance Director Carol Gehring presented unaudited FY2025 results showing the general fund collected about 93% of budgeted revenues and spent about 76% of budget; the council authorized the city manager to negotiate with Armstrong Vaughn & Associates for external audit services.
Carol Gehring, the city's finance director, presented the monthly and year-end unaudited financial report for the fiscal year ending Sept. 30, 2025. She told council that, as of the unaudited close, the general fund had collected roughly 93% of budgeted revenues and expenditures were about 76% of budget. Gehring said ad valorem tax collections were about 2% lower year-to-date compared…
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