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External auditors give Asheville an unmodified opinion but flag one material weakness and funding pressures
Summary
Cherry Beckert issued an unmodified (clean) opinion on FY2025 financial statements but identified a material weakness tied to one missed accrual; the city's general fund unassigned balance fell to 14% (policy target 15%), triggering FPIC reporting, and the single-audit compliance supplement is delayed.
The Asheville City Audit Committee received an update on the fiscal year 2025 external audit showing a clean opinion accompanied by a material weakness and indicators that will require follow-up reporting.
Becky Oglaltz, assistant finance director, said auditors Cherry Beckert issued an unmodified (clean) opinion on the FY2025 financial statements and presented results to council in December 2025. Oglaltz…
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