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Joshua posts a clean FY2025 audit; reserves remain healthy, auditor says
Summary
An independent audit for fiscal year 2025 returned an unmodified opinion and found no material weaknesses; the city reported roughly $11.6 million in assets, about $10.6 million in fund balance with about $3.4 million unrestricted, revenues up about $800,000 from prior year and a net positive change of approximately $748,000.
The Joshua City Council heard an independent auditor—s presentation on the city's FY2025 financial statements and internal controls, receiving an unmodified (clean) opinion and no material weaknesses.
The presenter (auditor) summarized the city—s government-wide results: total assets at about $11.6 million, total liabilities near $881,000 and a total fund balance of roughly $10.6 million. Of the fund balance, the auditor…
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