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Seal Beach receives unmodified audit; finance director and auditor cite healthier reserves
Summary
The city's finance director and external auditors reported an unmodified (clean) opinion for the fiscal year ended 6/30/2025, noted a $2.2 million increase in net position year‑over‑year and an approximate 8‑month reserve ratio above GFOA guidance.
Seal Beach officials told the City Council Feb. 9 that the city’s independent audit for the year ended June 30, 2025, resulted in an unmodified (clean) opinion and shows modest improvements in the city’s net position and reserves.
Director of Finance Arnaud reported the city completed its annual independent audit and received an unmodified opinion. Auditor Sofia Kuo of the Peng Group, the engagement partner for the…
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