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City finance officials present FY2025 comprehensive financial report; auditor issues clean opinion
Summary
The City presented its FY2025 Annual Comprehensive Financial Report (ACFR); external auditor Crowe LLP issued an unmodified (clean) opinion and staff noted implementation of GASB 101 and 102; the council received and filed the report.
City finance staff and external auditors presented the Fiscal Year 2025 Annual Comprehensive Financial Report (ACFR) to the San Diego City Council on Feb. 10. Crowe LLP reported an unmodified (clean) audit opinion and did not identify material weaknesses or significant deficiencies in internal controls.
Finance staff summarized the report's role as a GAAP‑based financial statement used by investors and rating…
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