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External auditors give Kingman clean opinions for fiscal 2025; no findings reported
Summary
Auditors reported unmodified (clean) opinions on Kingman’s 2025 financial statements and the single audit, noting a nearly $2 million increase in governmental net position and year-over-year governmental expense reductions of about $6 million; auditors reported no audit findings.
City auditors presented the fiscal year 2025 financial statement and single-audit results to the Kingman City Council and delivered unmodified (clean) opinions across the city’s primary financial reports.
Rachel Irmsby and Tiffany Montalvo, representing the audit engagement team, told council the city received clean opinions on the basic financial statements, internal-control reporting, the annual expenditure‑limitation report and the schedule of federal-award expenditures. Audit staff said timing of federal compliance materials delayed part of the single-audit process nationally, but the single-audit was completed and included in the city’s reporting prior to the meeting.
Auditors highlighted that governmental-activity net position increased by nearly $2,000,000 from the prior year, governmental-activity expense decreases yielded roughly $6,000,000 in cost savings year‑over‑year, and business‑type activities recorded approximately $3,000,000 in increased revenue tied to utilities, personnel and supplies. Auditors said only routine proposed audit adjustments tied to pension/OPEB and fund‑to‑government‑wide conversions were recorded and that no audit findings were issued for fiscal year 2025.
City finance staff commended the audit team and the finance department for meeting aggressive timelines and issuing the reports before the holidays.
