Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Hanford posts clean audit for FY2024-25; general fund reserves near target, refuse fund borrowing flagged
Summary
Finance staff presented the annual comprehensive financial report for the fiscal year ending 06/30/2025, reporting an unqualified (clean) audit and a general fund reserve of about 29% (target 35%). Measure H brought in roughly $3.2 million since June 2025; the refuse fund is borrowing $3 million from the general fund, and staff recommended upcoming Prop 218 and rate studies for utilities.
Finance Director (Borba) presented the City of Hanfords annual comprehensive financial report for the fiscal year ending June 30, 2025, and told the council the audit was completed Dec. 17, 2025 with an unqualified (clean) opinion. "We received an all of unqualified clean audit opinion," the director said. Staff highlighted that this is the city's second ACFAR and the first timely audit in several years.
The presentation said the general fund increased modestly (partly due to…
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
