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City auditors give Red Bank an unmodified opinion; staff outline corrective actions for a solid-waste budgeting finding
Summary
Johnson Murphy and Wright issued an unmodified opinion on Red Bank's 2025 audit while identifying one noncompliance tied to solid-waste budgeting timing; city staff said funds were available and a corrective-action plan and quarterly budget amendments are now in place.
Johnson Murphy and Wright delivered Red Bank's 2025 audit to the City Commission and reported an unmodified opinion while noting a single noncompliance tied to budget timing in the solid-waste fund.
The audit showed general-fund revenues of about $11,676,000 against expenditures of roughly $12,000,004, producing a reported net governmental-fund decrease of $871,045. Auditors highlighted nearly $2 million in capital investments this year, including roughly $450,000 in fire and police equipment and about $480,000 in public-works…
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