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Alba council accepts FY2025 audit after auditors flag internal‑control gaps
Summary
Auditors from HSPG presented an unmodified opinion on Alba’s FY2025 financial statements but identified internal‑control weaknesses—segregation of duties, payroll and utility billing controls, and timing/reporting items on federal grants; the council accepted the audit and was urged to adopt process improvements.
The City Council of the City of Alba accepted the city’s FY2025 audited financial statements on March 23 after an audit presentation by Andy Grover of HSPG, who said the firm issued an unmodified (clean) opinion on the city’s governmental and enterprise funds.
Grover told the council the audit shows the city’s stabilization reserve stood at roughly $330,000 and the hotel‑tax fund held about $570,000. He said the Alba Utility Authority performed strongly on operating income and that across funds the auditors found the…
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