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City auditors issue clean opinion; Hampton posts $18.4M positive variance for FY2025
Summary
External auditors issued an unmodified opinion on the City of Hampton—s FY2025 financial statements; staff reported $465M in revenues versus $441.4M budget and an $18.4M net positive difference, driven in part by one‑time proceeds from the regional jail sale and HRT true‑up payments.
External auditors and city finance staff presented the City of Hampton—s audited Annual Comprehensive Financial Report for the year ended June 30, 2025.
Laura Harden, the engagement director for Cherry Bekaert LLC, presented the audit results and said the firm issued "an unmodified opinion on the financial statements," the highest level of assurance, and did not identify any material weaknesses in internal control or instances of noncompliance under the standards they applied. Auditors noted one misstatement that…
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