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Council accepts FY2025 audit: clean opinion, strong fund balances reported
Summary
The council unanimously accepted the FY2025 annual comprehensive financial report and single audit after the auditor reported a clean (unmodified) opinion, two major-program tests (ARPA and North Texas TAG Center), no material weaknesses, and a healthy general fund above the city's 33% policy.
City auditors presented the fiscal year 2025 annual comprehensive financial report and single audit; the audit partner, Rachel Ormsby, told the council the firm issued "clean, unmodified opinions" and identified two major programs for single-audit testing: ARPA (Coronavirus State and Local Fiscal…
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