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Layton posts clean FY2025 audit; city finance leaders highlight healthy reserves and a paper accounting adjustment
Summary
Auditors gave Layton City an unmodified (clean) opinion on its fiscal 2025 financial statements and flagged a $141,000 GASB 87 lease accounting entry that produced an overage on a partner agency's books; officials emphasized strong reserves and ongoing capital commitments.
Layton City Council on Dec. 18 received the city's fiscal year 2025 comprehensive financial report and a clean audit opinion from independent auditor Robert Wood.
"We have given you a clean opinion," Robert Wood told the council, reporting that the city's financial statements are fairly presented and that auditors found no material misstatements or material weaknesses in internal control testing. The single-audit review covered more than $8 million in federal expenditures, including ARPA funds tied to local projects.
Finance director Tracy Probert walked…
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