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Monrovia council receives clean FY24-25 audit, files annual financial report
Summary
Monrovia City Council unanimously received and filed the city's FY24-25 annual comprehensive financial report after auditors delivered an unmodified opinion and reported no findings; the city ended the year with a $74 million net position, officials said.
Monrovia City Council on Feb. 3 received and filed the city's FY24-25 Annual Comprehensive Financial Report after the city's external auditors issued an unmodified opinion and reported no internal-control or compliance findings.
Finance Director Ray Bowman told the council the city's net position was $74,000,000 at June 30, 2025, and key balances rose year over year: total assets increased by more than $25,000,000 and the general fund closed with an ending balance of…
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