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Conway audit finds ‘unmodified’ opinion, city reports stronger reserves
Summary
The city’s independent auditor issued an unmodified opinion on Conway’s 2025 financial statements, reporting roughly $14.8 million in net position gains and an unassigned general‑fund balance near $21.4 million (about 49% of annual expenditures). No material weaknesses were reported.
The City of Conway received an unmodified (clean) audit opinion for fiscal year 2025, city officials were told at the Jan. 20 council meeting.
Nathan Skipper of Smith SAP, CPAs told council that the city’s financial statements “are presented fairly in accordance with generally accepted accounting principles” and that auditors found no material weaknesses in…
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