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Staunton auditors issue unmodified opinion for FY2025; GASB 101 raises accrued leave liabilities
Summary
Brown Edwards presented the City of Staunton's FY2025 external audit and Annual Comprehensive Financial Report, issuing an unmodified (clean) opinion while noting GASB 101 implementation required a prior‑year restatement and increased reported liabilities; federal grants compliance testing is pending.
Staunton — The City of Staunton received an unmodified opinion on its FY2025 financial statements, Brown Edwards senior audit manager Kristen Collin told the City Council on Dec. 11. "In our opinion, financial statements referred to above present fairly," Collin said, describing what auditors call a "clean" opinion.
The audit presentation, introduced by Chief Finance Officer Jesse Moyers, highlighted one significant accounting change tied to new…
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