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Galt accepts FY 2024–25 comprehensive financial report and clean audit; council asks for clearer Measure Q and market reporting
Summary
Finance Director Lila Menor presented the FY 2024–25 ACFR noting an unmodified (clean) audit opinion; net position rose to about $291.8 million and the general fund unassigned balance was about $21.2 million. Council requested clearer, separate reporting for Measure Q and market revenues going forward.
The Galt City Council accepted the fiscal year 2024–25 Annual Comprehensive Financial Report and the external auditor's single‑audit report on Feb. 17 after Finance Director Lila Menor summarized key results and fielded questions from council and the public.
Menor told the council the independent auditors issued an unmodified opinion on the city's financial…
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