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Farmers Branch accepts FY2025 comprehensive financial report and receives clean audit opinion
Summary
Council unanimously accepted the citys annual comprehensive financial report for the year ending Sept. 30, 2025; auditors from Mazars reported a clean, unmodified opinion with no material weaknesses or single-audit findings and noted $2.5 million of ARPA expenditures audited.
The Farmers Branch City Council on March 17 accepted the citys annual comprehensive financial report for the fiscal year ended Sept. 30, 2025, following auditors comments that the city received a clean, unmodified opinion.
Finance Director Jay Patel introduced the report and said the city maintained strong financial controls. Auditors from Mazars — engagement partner Dan Barone and manager Tyler — told council they found no material weaknesses, no significant deficiencies, no single-audit findings and no identified fraud. They noted they audited the ARPA program as the major federal program for FY25, which had $2,500,000 in expenditures.
Auditors also discussed recent and upcoming GASB pronouncements, including GASB 101 (compensated absences) and expected disclosure changes in forthcoming GASB statements, and advised staff about related reporting impacts.
Council members commended the finance team for the result. Councilman Reed said the third-party confirmation reinforced confidence in the citys financial stewardship; the council then moved and voted unanimously to accept Resolution 2026-046 accepting the ACFR.
