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City auditor reports clean FY2025 opinion; council praises finance team
Summary
An external auditor told the Woodstock City Council it issued a clean (unmodified) opinion on the city’s FY2025 financial statements and single-audit; the presentation highlighted revenue gains, a rise in public-works spending tied to a new parking deck and continued strong fund‑balance reserves.
Justin Wilbanks, manager with Nichols, Collin & Associates, told the Woodstock City Council on Jan. 12 that the firm issued an unmodified, or clean, opinion on the city’s FY2025 financial statements and on the Schedule of Expenditures of Federal Awards.
"We are issuing an unmodified or a clean opinion on the financial statements," Wilbanks said, noting the city had submitted the ACFR and SEFA to the Government Finance Officers Association and the state. He said the…
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