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Fraser receives unmodified audit for 2024-25; auditor cites stronger controls and higher fund balance
Summary
External auditors presented an unmodified (clean) opinion on Fraser—s 2024-25 financial statements, reporting no findings or management-letter comments and noting a $13 million general fund balance; council and staff said the result improves confidence going into budget season.
Alan Panter, a partner at the audit firm Yo and Yo, told the Fraser City Council on Dec. 11 that the city—s fiscal 2024-25 financial statements earned an unmodified opinion, the highest level of assurance auditors give. "We have no findings. We have no management letter comments. Nothing," Panter said, adding: "You guys have achieved a clean audit."
Panter said the city—s general-fund balance rose to about…
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