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Independent auditor gives Lexington a clean opinion; audit highlights large DSS building expense and new debt issuances
Summary
External auditor reported a clean, unmodified opinion on Lexington’s FY2024–25 financials and highlighted that expenditures grew faster than revenues, partly due to $1.5 million in DSS building spending and multiple large debt issuances during the year.
An external auditor told Lexington City Council on Dec. 18 that the city received a clean, unmodified independent auditors’ report and a clean Yellow Book opinion on internal controls and compliance for the most recent fiscal year.
Emily (auditor) said federal spending totaled about $695,000, below the single‑audit threshold of $750,000 for fiscal year 2025. She noted that city expenditures grew…
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