Brian Head receives clean audit for FY2025; net position up $2.2 million

The Town of Brian Head received a clean, unmodified opinion on its fiscal year 2025 financial statements, auditor Kevin Jones of Haynie & Company told the Town Council on March 10.

"We issued a clean, unmodified opinion," Jones said, summarizing the independent audit performed under government auditing standards and explaining that a single audit was required because of federal funds. He reported that total net position increased by approximately $2.2 million during the year and that net capital assets rose by about $4.1 million while long-term debt also increased by $4.1 million.

Town Treasurer Shane Williamson introduced the audit and said the town tested roughly $2.6 million of $3.15 million in federal expenditures (about 83% coverage). The audit report noted no corrected or uncorrected misstatements and no compliance findings.

Town Manager Bret Howser told the council the favorable general fund variance reflected inclusion of certain special funds (for example, special assessment areas for Snowshoe and Toboggan) and significant upfront grants and bond proceeds tied to capital projects. "That timing and the presence of special assessment funds explain the revenue variance," Howser said.

Council members acknowledged the result as evidence of conservative financial management. The clean audit supports the town’s accountability to residents and helps maintain creditworthiness for future borrowing, auditors and staff said.

The audit included routine testing and reporting items; no formal council action on the audit was recorded in the minutes beyond the presentation and discussion.

Next steps: staff will continue routine financial oversight and incorporate audit recommendations as applicable into ongoing fiscal planning.