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Council receives FY2025 audit with clean opinion; FEMA reimbursements still outstanding
Summary
Auditor Kirk Vanerslice told the Claremore council the FY2025 draft financial statements received a clean, unmodified opinion and testing of the FEMA tornado-damage grant found no exceptions; city staff said FEMA still owes an estimated $9 million to $11 million toward recovery costs.
The Claremore council received the draft FY2025 audited financial statements and the auditor reported a clean, unmodified opinion on the city's financial statements.
"We conducted our audit in accordance with generally accepted auditing standards... and happy to report that we have a clean, unmodified opinion on the financial statements themselves," auditor Kirk Vanerslice said while presenting the anticipated-issue draft.
Vanerslice said the audit included testing of federal programs and noted that the major program tested was the FEMA emergency-management grant for tornado damages; he reported that the supporting documentation for that grant showed no exceptions in testing. On fund basis the city recorded a decrease in net position attributed to capital acquisitions in the current year, while the government-wide statements showed an overall increase.
City staff told the council they continue to pursue reimbursements tied to tornado recovery. The city manager said the municipality expects additional FEMA recovery funds but estimated FEMA still owes roughly $9 million to $11 million and noted the city has incurred consultant and legal costs in pursuing those funds.
Council voted to approve the audited financial statements as presented. No audit exceptions to the financial statements were reported at the meeting; staff said they will continue work to close outstanding FEMA reimbursements and related recovery actions.
