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Finance director: FY2025 audit clean; general fund up and infrastructure investments made
Summary
Finance Director Dina Hield reported an unmodified (clean) audit for FY2025, a $1.9 million increase in the general fund balance, $17.5 million in unassigned funds, and more than $90 million in city assets; Measure Y funds supported roughly $4.5 million in infrastructure investments.
The Big Bear Lake City Council received an abbreviated presentation of the Fiscal Year 2025 Annual Comprehensive Financial Report (ACFR) from Finance Director Dina Hield, who said the city’s audited financial statements earned an unmodified (clean) opinion and showed modest positive variance between budgeted and actual results.
Hield summarized key figures: roughly…
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