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Council accepts auditor’s report noting large loss year tied to sewer line break and infrastructure depreciation
Summary
Independent auditors presented the FY2025 audited financial statements, flagged a significant loss year driven by a sewer-line failure and depreciation of infrastructure; the council accepted the audit and discussed policy reviews and PID liabilities.
McLendon-Chisholm — The City Council accepted the annual audited financial statements for the fiscal year ended Sept. 30, 2025, after a presentation from the city's independent auditors (MCPA PC) that described a difficult year financially driven by a sewer-line failure and higher depreciation costs.
"If you've seen the numbers, they don't look great. I mean, it was a big…
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