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Independent audit finds Sedona’s FY2025 financial reports clean; council asks about revenue volatility and grants risk
Summary
External auditors presented an unmodified opinion on Sedona’s FY2025 financial statements and internal controls; councilors probed sales‑tax reliance, grant‑management and GASB 103 implementation and staff said policy reserves remain above city targets.
External auditors from CliftonLarsonAllen presented Sedona’s FY2025 annual comprehensive financial report at the March 10 council meeting and issued clean (unmodified) opinions on the city’s financial statements and on internal control over financial reporting. Jean Marie Dietrich of CLA told council the firm did not identify material weaknesses or significant deficiencies and found no evidence of management bias in estimates.
Dietrich said…
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