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Carefree UCFD board accepts FY2025 audit; auditors report clean opinion with two future corrections
Summary
The Carefree Utilities Community Facilities District board accepted a clean FY2024–25 audit from CliftonLarsonAllen on a unanimous vote and adopted Resolution 2026-01; auditors noted two items (a $144,000 bond-premium amortization error and a $185,000 unrecorded Verizon land-lease balance) that management will correct in a future year.
The Carefree Utilities Community Facilities District board voted to accept the fiscal year 2024–25 audit and adopted Resolution 2026-01 at its meeting, after CliftonLarsonAllen presented the audit results and answered board questions.
Kristin Kreh, treasurer of the Carefree Water Company, introduced the audit and thanked staff who supported the process. "We are really pleased to announce that we've had a clean audit," she said. CliftonLarsonAllen principal Lupita Martinez told the board the firm had issued an unmodified — commonly called a clean — opinion on the district's financial statements and provided a separate…
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