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MCDC finance director reports clean audit and that CDC met FY25 budget targets
Summary
Assistant Finance Director Chance Miller told the board MCDC received an unmodified (clean) audit opinion with no proposed adjustments, reported the CDC met its FY25 budget, and said reappropriations will reduce the preliminary $92.4 million ending fund balance when reflected in later reports.
Chance Miller, Assistant Finance Director, told the McKinney Community Development Corporation that the city’s audit produced an unmodified (clean) opinion and — unusually this year — no proposed audit adjustments, which Miller said reflects well on the finance department.
Miller reviewed FY25 and more recent monthly results. He said sales‑tax and other…
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