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External audit gives Atlanta a clean opinion for FY2025; auditors flag management recommendations
Summary
External auditors Marlin and Jenkins issued an unmodified (clean) opinion on Atlanta's FY2025 financial statements, reported a $19.6 million reduction in projected deficit to $19 million, improved pension funding ratios, and listed management recommendations on grant accounting, sanitation advances and OPEB census testing.
Marlin and Jenkins partner Doug Moses delivered the FY2025 audit results to the Finance Executive Committee, reporting an unmodified (clean) opinion on the city’s financial statements and component units including aviation and watershed.
Moses said auditors noted implementation effects from GASB guidance on compensated absences and that the audit produced no financial-statement findings; auditors provided recommendations and a small number of nonmaterial adjustments that management agreed were immaterial.
CFO (referred to in the presentation) and deputy finance staff highlighted that the city closed FY2025 with an…
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