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Council accepts city—s annual financial report; auditors issue clean opinion

Raleigh City Council · December 2, 2025

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Summary

Council accepted Raleigh—s Annual Comprehensive Financial Report for fiscal year ended June 30, 2025. Finance staff reported a clean (unmodified) audit opinion with no material weaknesses and noted excess capital reserves of roughly $3.5 million; staff recommended acceptance and the council voted to accept the report.

Finance staff presented the Annual Comprehensive Financial Report (ACFR) for the year ending June 30, 2025 and recommended council accept the document. Lisonbee Bradshaw (Finance) summarized the financial reporting process and said the ACFR is a technical, 150-plus page document that is distilled into a…

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