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McKinney audit: external auditors issue clean opinion; compensated-absences restatement disclosed
Summary
External auditors told the McKinney City Council they issued an unmodified opinion on the city's FY2025 financial statements and federal/state single audits, reported no proposed audit adjustments or suspected fraud, and noted a restatement adding $603,000 to the city's liabilities and $61,000 to component units related to compensated absences.
Weaver audit director Claire Wootton presented the McKinney City Council with the results of the FY2025 audit on Tuesday, saying auditors issued an unmodified (clean) opinion on the city's financial statements and on the federal and state single audits. "We're able to present a clean, unmodified opinion to you all," Wootton said.
The external audit found no proposed audit adjustments, no significant deficiencies and no material weaknesses, Wootton said. She told the council the audit team identified no…
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