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External audit gives Hopkinsville clean opinion; city finance director outlines revenue pressures
Summary
External auditors delivered a clean opinion on Hopkinsville’s FY 2024–25 financial statements; auditors and finance staff identified cash and capital balances but flagged lower payroll and insurance premium tax collections and an $800,000 construction payroll shortfall affecting payroll tax revenues.
An external audit and the city’s monthly financial presentation provided a mix of reassurances and warnings at Hopkinsville’s Feb. 17 council meeting.
Kelly Webb, CPA and engagement partner at York, Neil and Associates, presented the annual comprehensive financial report for the fiscal year ended June 30, 2025, and said the auditors issued an unmodified (clean) opinion: "the financial statements... present fairly in all material respects." Webb summarized key figures including unrestricted cash and investments of about $31,000,000, capital assets (net of depreciation)…
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