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Independent audit finds Prescott's FY2025 financial statements materially correct; no compliance findings
Summary
Auditor Baker Tilly reported an unmodified (clean) opinion on Prescott’s FY2025 financial statements, no Yellow Book compliance findings, and no single-audit findings on federal airport grants; the city’s general fund increased by $15.7 million for the year.
The City of Prescott’s independent auditors presented the fiscal year 2025 audit results at the Jan. 13 council meeting and reported a clean set of financial statements and no compliance findings.
Brian Hemerly, partner with Baker Tilly, told the council the annual comprehensive financial report received an "unmodified opinion," meaning the auditors found no material misstatements. He said the Yellow Book compliance review identified no instances of noncompliance…
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