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Independent auditor gives The Colony a clean opinion on FY2025 finances; single‑audit finds no grant issues
Summary
The city's independent auditor issued an unmodified opinion on the FY2025 financial statements, reported $634.6 million in assets and $146.7 million in revenues, and found no issues in the federal single audit; auditors noted three adjustments that produced a control finding staff expects to remediate.
Kevin Randolph of iBailey presented the city's fiscal year 2025 comprehensive annual financial report and federal single audit at the March 17 meeting and delivered an unmodified audit opinion—the clean opinion auditors seek.
Randolph summarized key figures: total assets of approximately $634.6…
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