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Auburn publishes FY24-25 financial report; auditor issues clean opinion but notes restatement and material weakness
Summary
Finance Director Gretchen Hoskins presented the FY24-25 ACFR confirming elimination of the general fund deficit as of June 30, 2025. External auditors issued an unmodified opinion but reported a restatement, 21 corrected misstatements and a material weakness tied largely to grant accounting and implementation of new standards.
The Auburn City Council received the city—s FY24-25 comprehensive annual financial report on Feb. 9. Finance Director Gretchen Hoskins told council the audit confirms the general fund deficit has been eliminated as of June 30, 2025 and described 21 audit adjustments the city corrected during the audit process.
Hoskins said many of the adjustments related to grant accounting and loss of institutional knowledge during a period of staff changes. She described one…
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