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Sulphur receives clean audit for FY2025; city posts $10.2 million net gain
Summary
Independent auditors issued an unmodified opinion on the City of Sulphur27s FY2025 financial statements, reporting $197.2 million in assets, ~$60 million in cash/investments, and a $10.2 million positive change in net position. Auditors reported no material control deficiencies for general government or federal grant programs.
Steve Derwin of Derwin and Associates told the Sulphur City Council the firm issued an unmodified (clean) opinion on the city27s financial statements for the fiscal year ending June 30, 2025. He said the city ended the year with total assets of about $197,200,000 and about $60,000,000 in cash and investments, an increase of roughly $9,000,000 from 2024.
Derwin said the city27s capital assets (streets, water and sewer plant, equipment and buildings) were about $131,000,000, a decrease of…
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