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Palm Springs auditors issue clean opinion; council reviews midyear budget, airport performance and capital projects
Summary
External auditors reported an unmodified (clean) FY24-25 opinion; city finance staff presented a midyear forecast that projects general-fund revenues roughly on budget and highlighted TOT timing effects and stronger property and sales tax collections, while airport revenue exceeded budget owing to revised rates and stronger non-airline revenue.
CliftonLarsonAllen partner Daphne Munoz presented the City of Palm Springs FY24-25 audit to the City Council on Feb. 25 and reported an unmodified opinion on the financial statements for the fiscal year that ended June 30, 2025. The auditors included an "emphasis of matter" pointing readers to restatements tied to implementation of Governmental Accounting Standards Board guidance and changes in compensated absence presentation.
"We have issued what we call an unmodified opinion, which means that the financial…
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