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Auditors expect to issue a clean opinion on Charlottesville’s FY25 financial statements
Summary
Independent auditors reported to council that they expect to issue an unmodified (clean) opinion on the City of Charlottesville’s FY25 financial statements and found no significant deficiencies or material weaknesses in internal controls.
Robinson Farmer Cox & Associates presented the city’s FY25 audit and told council auditors expect to render an unmodified opinion on the financial statements and identified no significant deficiencies or material weaknesses.
Michael Lupton, partner and partner‑in‑charge of the city audit, said auditors conducted the engagement under professional standards, reviewed management’s financial statements and the internal control environment, and were satisfied they could issue a clean opinion. The city finance director, Chris Cullinan, said staff aim to publish the full audit report on the city website by Dec. 31 and will present year‑end appropriation items in January.
Lupton noted that auditors do not opine on the effectiveness of internal control but must report significant deficiencies and material weaknesses; none were found in FY25. City staff said the comprehensive financial report has grown in length due to evolving Governmental Accounting Standards Board (GASB) requirements.
Council had no further questions and staff said they will bring follow‑up appropriation items to council once the audit document and opinion are finalized.
