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Glendale posts improved FY2025 financial results, upgrades from S&P and unmodified auditor opinion
Summary
Finance staff presented the Fiscal Year 2025 Annual Comprehensive Financial Report showing an unmodified auditor opinion, growth in net position (citywide totals presented in thousands), recent bond issuances and two upgrades from S&P Global during 2025; staff said the full report is available on the city's website.
Finance staff presented Glendale’s FY2025 Annual Comprehensive Financial Report at the Jan. 13 workshop, describing the report’s structure, audit requirements and highlights for the council. The presentation noted the city received an unmodified opinion from independent auditors and that the Government Finance Officers Association granted the city a Certificate of Achievement for Excellence in Financial Reporting for the 30th…
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