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Johnson City receives clean FY2025 audit; one inventory reporting finding noted
Summary
The city's auditors issued a clean opinion on the FY2025 financial statements and federal award schedule, reporting a $488 million net position and noting one finding tied to water and sewer inventory variances caused by a software conversion; the board accepted the audit unanimously.
Auditors from Blackburn, Childers & Stegall presented the city’s fiscal year 2025 audit to the Board of Commissioners on Feb. 5 and reported a clean (unmodified) opinion on both the financial statements and the schedule of expenditures of federal awards. Tara Finner, audit partner, said the city ended the year with a net position…
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