Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Audit topic
No spam. Unsubscribe anytime.
Brian Head receives clean FY2025 audit; net position up $2.2 million
Summary
Independent auditors gave Brian Head a clean, unmodified opinion for the fiscal year ending June 30, 2025, reporting a $2.2 million increase in net position, $4.1 million in new capital assets, and no audit findings. Federal expenditures of $3.15M were 83% tested with no compliance issues found.
Kevin Jones of Haynie & Company told the Brian Head Town Council that the town’s FY2025 financial statements received a clean, unmodified opinion and are fairly presented.
"The audit was conducted using government auditing standards," Jones said, and he noted the single-audit requirement because the town received federal funds. Jones reported key year-over-year changes including a roughly $2.2 million increase in total net position, a $4.1 million rise in net capital assets (matched by a $4.1 million increase in long-term debt), approximately $10 million in total revenues and $7.8 million in total expenses. He added the audit tested $2.6 million of $3.15 million in federal expenditures (about 83% coverage) and identified no findings or corrected/uncorrected misstatements.
Town Treasurer Shane Williamson introduced the auditor and fielded questions. Town Manager Bret Howser explained that favorable revenue variances reflected upfront capital funding for special assessment projects such as the Snowshoe and Toboggan areas and other grant and bond proceeds. Council members thanked staff for conservative management and the transparent audit process.
The council received the audit presentation; no formal motion or council action on the audit itself was recorded beyond acceptance of the report.
