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Lewiston auditor reports favorable FY2025 results; no state compliance findings in tested areas
Summary
City auditor Matt presented the fiscal-year 2025 audit, reporting revenues exceeded budget, a favorable budget variance of about $541,000, and no findings in the state compliance areas the audit tested; the council will review and submit required documents to the state.
Matt (auditor) presented the city’s fiscal-year 2025 audit and supporting reports and walked council members through the fraud-risk assessment, state-compliance testing, and the financial statements.
On compliance, Matt said the areas the audit tested were "free of findings." He described the fraud-risk self-assessment process the state requires and said the council’s internal rating has historically been low risk. On budget performance he summarized revenue and spending comparisons and noted a favorable variance: "We say your favorable budget variance is about 541,000," the auditor told the council.
Matt also reviewed the utilities’ performance. He said the water fund used some surplus during the year while the sewer fund added to its surplus, and that combined the utilities were about $323,000 better than the prior period. He reminded council members the audit materials are public record and asked them to review the reports and flag any questions before the packet is submitted to the state.
Council members asked routine questions (including whether the auditor’s presentation was being picked up clearly on the microphones). No formal action was taken at the meeting beyond agreeing to review the audit materials and submit required certifications to the state.
