Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Utica receives clean FY2025 audit; auditors flag three federal-compliance findings
Summary
Auditors from Yo and Yo gave Utica an unmodified (clean) opinion for FY2025, reporting a general fund balance of $7.17 million and a $636,005 increase year over year, but identified three single-audit findings related to year-end close processes, federal procurement documentation, and federal-asset inventory.
Alan Panter, partner at auditors Yo and Yo, told the Utica City Council on Feb. 10 that the city’s FY2025 financial statements received an unmodified — or clean — opinion and were filed on time with the state. "We're giving what's called an unmodified or clean opinion," Panter said, adding the audit was issued Dec. 23, 2025.
Panter highlighted the general fund balance at June 30, 2025, as $7,170,985, an increase of $636,005 from the prior year, and said the fund balance represents about 84% of annual expenditures —…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
