City auditor: Portland received clean FY2024-25 audit but internal controls need fixes
City Auditor Simone Reddy and outside auditors Baker Tilly said Portland's FY2024-25 financial statements earned a clean opinion but identified deficiencies in capital-asset accounting and internal controls; the chief financial officer said a plan of action will return to committee in January.
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The city's financial statements for the year ended June 30, 2025, received a clean audit opinion, the auditor told the Portland City Council on Thursday, but outside auditors also flagged deficiencies in internal controls that city staff must correct.
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