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Daly City council accepts FY2025 annual comprehensive financial report; auditors report no new findings for second year
Summary
City staff presented the FY2025 Annual Comprehensive Financial Report; independent auditors issued an unmodified (clean) opinion and identified one remaining finding tied to internal controls that staff says will be addressed by a planned Tyler ERP rollout.
Daly City's City Council voted Feb. 9 to accept the fiscal year 2025 Annual Comprehensive Financial Report (ACFAR) after a staff presentation and council questions about audit findings.
Assistant City Manager Tim Nevin told council the independent auditors (Mayes and Associates) issued an unmodified, or "clean," opinion stating the financial statements "present fairly in all material respects the financial position of the city as of 06/30/2025."…
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