Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditors give Belmont an unmodified FY2025 opinion as fund balances rise
Summary
Martin Starnes & Associates presented Belmont’s fiscal year 2025 audit, reporting an unmodified opinion with no material weaknesses. Revenues rose about $3.1 million and the general fund balance increased roughly $7 million; staff said they expect removal from the Local Government Commission distress list soon.
Ethan Baumgarner of Martin Starnes & Associates told the Belmont City Council that the firm issued an unmodified opinion on the city’s fiscal year 2025 financial statements, meaning auditors found no material misstatements.
"We have issued an unmodified opinion," Baumgarner said, and noted there were no…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
