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Winchester auditors deliver clean FY2025 opinion; auditors note fund balance and sustainability questions
Summary
Brown Edwards & Co. issued an unmodified (clean) opinion on Winchester’s FY2025 financial statements, reporting an $18.3 million increase in net position and a general fund reserve near three months of expenditures; auditors noted single-audit work will follow and encouraged attention to sustaining services once one-time funds end.
Brown Edwards & Company presented the City of Winchester’s FY2025 annual comprehensive financial report to council on Dec. 9 and issued an unmodified (clean) opinion on the city’s financial statements.
Senior audit manager Rebecca Gundon told council the audit opinion indicates the financial statements are materially correct and that the city submitted required materials to the state on Dec. 2. Gundon said…
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