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Monterey County LAFCO adopts clean FY2025 audit; pension position shows asset
Summary
LAFCO commissioners unanimously adopted the final audit for the fiscal year ending June 30, 2025. The auditor issued an unmodified (clean) opinion and noted LAFCO carries a net pension asset, in part because the commission has funded CalPERS liabilities on an annual basis.
Monterey County Local Agency Formation Commission on Dec. 1 adopted its final audit for the fiscal year ending June 30, 2025, after auditors reported an unmodified (clean) opinion and no disagreements with management.
Jonathan Brinkman, principal analyst, introduced Karen Campbell, CPA and senior audit manager at Bianchi, Casavan and Pope, who told the commission the audited financial statements received a…
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