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Committee receives Beaumont draft FY2025 financial report; auditors issue unmodified opinion
Summary
The Beaumont Audit, Finance and Audit Committee voted to receive and file the draft Fiscal Year 2025 Annual Comprehensive Financial Report and forward it to the City Council after auditors reported an unmodified opinion and staff reviewed key financial results, including a $37.9 million increase in net position.
The Beaumont Audit, Finance and Audit Committee voted to receive and file the draft Fiscal Year 2025 Annual Comprehensive Financial Report and recommend forwarding the report to the City Council after auditors said the city's financial statements were presented fairly.
Veronica Hernandez, manager on the engagement for the audit firm, told the committee: "We issued an unmodified opinion, which is the highest level of assurance that we can give." Hernandez said auditors found no material errors, no disagreements with management and no material weaknesses in internal control.
Lisa Leach, who presented the report, said the city's total net…
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