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Wayne audit shows improving finances; auditors issue unmodified opinion
Summary
An external audit of City of Wayne financials for the year ended June 30, 2025, returned an unmodified opinion; city finance staff and the auditor cited improving fund balances, a modest general fund surplus and long-term pension and retiree health liabilities that remain under management.
An external audit of the City of Wayne's fiscal year ending June 30, 2025, returned an unmodified opinion, and city officials and the auditor said the results reflect steady improvement in the city's finances.
The auditor, Brian Kamilar, told the City Council that an "unmodified opinion" means the financial statements can be relied upon for accuracy and conformance with generally accepted accounting principles. He said the audit included a separate internal-controls report that noted a previously identified significant deficiency related to gift cards but that the issue had been identified by the city and corrected before publication of the report.
Kamilar outlined several fund-level numbers: the major-street…
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