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Wyoming council hears clean audit, staff say city finances remain stable
Summary
Auditors from Raymond & Associates presented a clean (unmodified) opinion on the city’s fiscal 2025 statements, reporting no findings in the financial statement or federal single-audit and noting roughly $1.5 million in federal spending, including about $779,000 in coronavirus-related funds.
Wyoming — Auditors from Raymond & Associates told the Wyoming City Council on Dec. 1 that the city received an unmodified (clean) opinion for the fiscal year ending June 30, 2025, and that they identified no reportable findings at the financial statement level or in the federal single-audit.
"So for that financial statement audit, we had an unmodified, which is a clean opinion," said Peter of Raymond & Associates during the council meeting. He told council members the city spent about $1,500,000 in federal funds this past year, including roughly $779,000 in coronavirus-related funds, and recommended readers focus on the transmittal letter and management’s discussion and analysis in the report.
City staff and the auditors highlighted key budget results. Peter said the general fund showed a net decrease in fund balance of about $700,000 but that actual results improved versus the final budget, producing a positive variance of roughly $3.8 million as explained in management’s materials. He also reported increases in water and sewer net position tied to rate changes for capital projects and summarized debt activity for the year.
John, the city manager, thanked the finance team and noted the 200-plus page comprehensive annual financial report was distributed digitally to council members. "A special thanks to Jody and Kyle and the finance department and the rest of the finance team for a clean audit this year," Peter said, adding that prior recommendations have been implemented.
Council members offered brief congratulations to staff on the clean opinion and had no requests to refer substantive matters for follow-up. The council received the audit report; no vote was required beyond formal acceptance and the report will remain part of the public record.
What happens next: The audit and accompanying management discussion are available to the public in the city’s financial documents; staff indicated they will continue routine monitoring and will present any recommendations in future management materials.
