Council accepts FYE 6/30/25 audit with one internal-control finding, retains auditors

Bryce Canyon City Council voted to accept the fiscal year ending June 30, 2025 audit and to retain the auditor Squire (formerly Hinton Burdick) for another year.

Steven Palmer of Squire presented the audit findings to the council, reporting that auditors issued a clean independent opinion but identified one finding in internal control and compliance, described in the presentation as a material weakness related to test work and proposed journal entries. Palmer said the State Auditor’s legal compliance review found no findings. He also reviewed the town’s financial position and noted a new net pension liability line item with URS included on the balance sheet.

Councilor Mike Stevens moved to approve the audit as presented and to retain Squire as auditors for the next year; both motions were seconded by Kam Roundy and recorded yes votes included Cherrie Tebbs, Gary Syrett and Bryce Syrett. The council did not record additional dissent in the minutes.

Why it matters: a clean independent opinion indicates the auditors believe the financial statements fairly present the city’s financial position, while the internal-control finding signals an area for staff and the council to address in internal procedures and year-end accounting processes. The council did not specify remediation steps in the minutes; staff follow-up on the finding would be appropriate in upcoming agendas.

Next steps: the auditor retention will allow Squire to begin next year’s engagement planning; any corrective actions addressing the internal-control finding will likely appear on future council agendas or in office reports.