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Springfield finance audit: unmodified opinion, one state-reporting item on ambulance fund
Summary
The city’s FY2025 audit returned an unmodified opinion with no material findings; auditor noted one state-reporting item — a negative ending balance in the ambulance fund — that will be disclosed to the state, and praised Springfield’s finance staff for meeting deadlines and a long GFOA streak.
At a council work session, auditor Ryan Pasquarelli of REDW told Springfield elected officials that the city’s fiscal year ending June 30, 2025, received an unmodified audit opinion, signaling no material errors in the financial statements.
Pasquarelli said the city and CETA both received unmodified opinions and that audit procedures found no significant findings. He identified one minor state-reporting issue: the ambulance fund shows a negative ending balance in the statements, largely reflecting payroll liabilities and compensated-absence reporting changes; the auditor said staff will report that item to the state to comply with reporting requirements.
The auditor praised the finance department for timely submissions that allowed the audit to be completed earlier in December. He also noted Springfield’s long record of professional recognition: 44 consecutive years of Government Finance Officers Association (GFOA) awards for the city’s annual comprehensive financial report.
Council members thanked staff and the auditor. The formal acceptance of the annual comprehensive financial report will be placed on the consent calendar at a future regular session.
