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Destin council accepts FY2025 audit showing clean opinion and healthy reserves
Summary
City auditors delivered an unmodified opinion on the City of Destin’s FY2025 financial statements and the council unanimously accepted the report after questions about reserves, a GASB restatement and potential state tax changes that could cut ad valorem revenue by about $2 million.
The City of Destin unanimously accepted its FY2025 audited financial statements after Malden & Jenkins presented an unmodified (clean) opinion and no compliance findings. Auditor Wade Sansbury told the council the firm found no material weaknesses or significant deficiencies in its compliance review and that the city’s management prepared the statements.
Sansbury said the city reported a general fund balance of roughly $35.8 million and noted a modest…
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