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Enid audit: independent auditors deliver clean opinion as city books show $27M net position increase
Summary
Independent auditors reported an unmodified (clean) opinion on the City of Enid’s 2024–25 financial statements and no material weaknesses; staff said net position rose about $27 million largely because of grant-funded projects, while general-fund reserves dipped after ARPA spending.
The City of Enid received a clean audit for fiscal year 2024–25, city and audit officials told the City Commission. An independent auditor reported an “unmodified clean opinion,” saying the financial statements contained no significant deficiencies or material weaknesses.
The city’s management discussion and analysis presented at the meeting showed the government’s net position rose by just over $27 million, auditors and finance staff said. Staff attributed the increase largely to two grant-funded projects: roughly $11 million in expended ARPA funds and a $16 million water and sewer project on 66th Street.
City finance staff said total government revenues for the year totaled about $146.4 million, up from $120.9 million the prior year, with roughly $18 million of the increase from grant revenue. Expenditures rose to about $119 million, an increase driven in part by pension-related liabilities and public-safety costs.
Audit presenters noted the city’s general fund balance ended the year near $7.9 million (about 10% of revenues and transfers), down from approximately $11.5 million the prior year after spending ARPA funds. Auditors described the drop as consistent with the recognition of previously held grant funds and said the city remained within its rainy-day reserve policy.
Auditors also described the scope of the work: roughly 800 hours of fieldwork and a single-audit review of federal grant programs, including ARPA and FEMA funding. They said a delay in the federal compliance supplement attributable to a federal shutdown caused timing challenges for the single-audit process.
Commissioners asked how capital projects outside city limits were treated and about accounting for large capital and pension estimates. Auditors explained assets are recorded at cost and certain liabilities (pensions, landfill closure) involve actuarial estimates that change year to year.
If the commission accepts the audit as part of the consent agenda, the audit report will be posted to the city website.
