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Council accepts FY2025 audited financial report; auditors issue clean opinion
Summary
The council accepted the Fiscal Year 2025 Annual Comprehensive Financial Report after auditors from Pattillo, Brown & Hill issued an unmodified opinion and noted restatements tied to a new GASB compensated-absences standard; staff will provide a reconciliation explaining a better-than-budget ending fund balance.
The City Council voted to accept the fiscal year 2025 Annual Comprehensive Financial Report (ACFR) after Pattillo, Brown & Hill (PBH) presented an unmodified (clean) audit opinion. The council approved filing the report with the city clerk and posting it on the city's website by voice vote, 6-0.
Michelle Majeski, engagement supervisor for PBH, told council the audit provided a clean opinion under generally accepted auditing standards and government auditing standards. The auditors…
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