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Goldsboro receives clean audit opinion; LGC flags water/sewer asset ratio requiring response
Summary
Mazars auditors told the council the fiscal-year statements for 06/30/2025 will receive unmodified opinions and found no material weaknesses, but the city's water-and-sewer capital-asset ratio (0.32) is below the LGC threshold and requires a written response by Feb. 13, 2026.
Goldsboro's independent auditors presented the city’s fiscal-year financial statements for the year ended June 30, 2025, and reported unmodified (clean) opinions on both the financial statements and the city’s compliance with major state programs.
Chad Cook, audit director with Mazars, told the council the audit found no significant deficiencies or material weaknesses in internal control. "We're issuing unmodified opinions on those financial statements," Cook said, and confirmed that additional required supplementary and statistical information included in…
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