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Auditor gives Walnut Grove an unmodified FY2025 opinion, flags capital‑asset controls
Summary
An external presenter reported an unmodified audit opinion for Walnut Grove’s FY2025, highlighted $2.06 million in general fund cash and a $693,000 restatement tied to an unrecorded building, and recommended stronger internal controls over capital assets.
Kurt, the auditor presenting the city’s FY2025 financial statements, told the Walnut Grove City Council that the audit resulted in an unmodified opinion and that the general fund had cash and cash equivalents of $2,064,000 at June 30, 2025.
The auditor walked council members through the government‑wide and fund financials, saying total general fund assets were about $2,143,000 and that general fund revenues for the year totaled $1,229,000 against expenditures of $1,315,000. He said proceeds from a city asset sale of $620,000…
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