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Cedar Falls treasurer presents FY25 annual financial report; council takes no action
Summary
City Treasurer Lisa Rolling presented Cedar Falls’ Fiscal Year 2025 Annual Comprehensive Financial Report, noting finance staff spent about 800 hours preparing the three-part report and that federal single-audit items remain pending. The council thanked staff and will take formal acceptance on the consent calendar.
City Treasurer Lisa Rolling presented the City of Cedar Falls’ Fiscal Year 2025 Annual Comprehensive Financial Report at the Committee of the Whole meeting on Monday, outlining the report’s structure, audit status and next procedural steps.
“The report is broken down into 3 sections,” Rolling said, describing an introductory section with the transmittal letter and organizational chart, a financial section that includes the independent auditor’s opinion and management’s discussion and analysis, and a statistical section with multi-year financial and demographic data. “Finance and business operations staff…
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