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Council hears clean audit, lower-than-expected bond costs; RDA fund progress noted
Summary
Auditors delivered an unmodified opinion on Holiday's 2025 financials; the city reported a true interest cost of 3.918% on a recent bond sale and reduction of RDA fund deficits after a $2.5M repayment.
City finance staff and independent auditors presented the 2025 financial report and delivered an unmodified (clean) opinion to the council Thursday.
Christian, the city's finance lead, said the city's total net position increased by $6.7 million in 2025 and that the general fund's unassigned fund balance stands at $8.3 million, or about 33% of general-fund revenues — under the state's 35% limit. "That's currently at 33% of…
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