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Audit: City receives unmodified opinion; reserves and net position rise
Summary
External auditor Jonathan Hall told the council the city's financial statements received an unmodified (clean) opinion for the fiscal year ending 09/30/2025; general‑fund revenues exceeded budget and the city meets its six‑month reserve requirement.
Jonathan Hall, audit partner with CRI, told the City Council that the city’s annual comprehensive financial report for the fiscal year ending Sept. 30, 2025, received an unmodified — or “clean” — audit opinion.
“The city’s basic financial statements present fairly in all material respects,” Hall said, reading from the auditors’ opinion. He reported total assets rose to about $141,000,000 from roughly $122,000,000 in the prior year and said the city’s net position increased to approximately $109,500,000 from $96,500,000.
Hall walked the council through key measures of fiscal health. He said…
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