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Staff says FY25 audit was not submitted on time; deadline extended with comptroller
Summary
During the January 2026 meeting staff disclosed the FY25 audit was not submitted on time; they told the Budget and Finance Advisory Committee the deadline was extended with the comptroller's office and delivery by the next committee meeting is uncertain.
Miss Holden (finance staff) told the Budget and Finance Advisory Committee that the fiscal year 2025 audit "was not submitted on time" and that staff ran into timeline and holiday issues that delayed submission.
Committee members asked whether the delay was cause for concern. Alderman Fuqua said there was "no reason to be concerned" based on the explanation given. Miss Holden said staff had extended the deadline with the comptroller's office to January and repeated that the goal is to have the audit completed by the next committee meeting, but cautioned delivery was still "up in the air" because of issues in the prior two weeks.
Miss Holden offered to answer questions and the committee asked staff to provide any guidance they receive between meetings. The committee did not take formal action on the audit at the meeting; staff said they will return with an update.
