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Alma City receives clean FY2025 audit; fund balance rises, auditors flag budgeting of multiyear projects
Summary
Auditors issued an unmodified (clean) opinion on Alma's FY2025 financial statements and reported a roughly $630,000 increase in fund balance to about $6.34 million; they identified one material finding advising the city to budget multiyear projects across fiscal years.
Alma City commissioners received the city's comprehensive annual financial report for fiscal year ending June 30, 2025, and accepted an audit that the auditor described as an unmodified (clean) opinion.
"We did issue this year an unmodified audit opinion," auditor Allie Barnes said during her presentation, noting the audit contained no management comments or significant deficiencies but one material weakness tied to budgeting practice.
Barnes said the city reported roughly $6.1 million in total revenue for the fiscal year,…
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