Independent auditors give Tomball an unmodified opinion and report healthy fund balances

Jeremy Barbato, partner at ABIP CPAs, presented the city's annual comprehensive financial report for the fiscal year ended Sept. 30, 2025, and said the firm issued an unmodified (clean) opinion on the financial statements.

Barbato summarized key figures: total net position of about $216.8 million, general fund year-end balance of roughly $34.9 million (an increase of about $2.5 million from the prior year) and capital projects activity driven by CO bond series 2025. He noted business-type activities increased and that sales and property tax remain primary revenue sources for the general fund.

On compliance, the auditors conducted a single-audit over federal awards and reviewed the city's American Rescue Plan Act (ARPA) expenditures (over $1 million); the auditor reported no internal control weaknesses or compliance findings related to the major program.

Councilmembers asked about the engagement length and audit process; Barbato said fieldwork was concentrated across November through January with additional work performed remotely. The auditors and staff noted several non-material restatements related to GASB implementation and presentation adjustments but said there were no disagreements with management and no material misstatements in the final statements.

Mayor and council thanked the finance team for completing the audit ahead of the statutory deadline.