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Council accepts FY2024–25 audited financial statements; general fund down about $2.6M
Summary
Independent auditors issued an unqualified opinion on Selma’s FY2024–25 financial statements. The general fund saw a net decrease of roughly $2.6 million, driven largely by capital outlay and an ARPA‑funded Clarkson Lift Station project.
At the April 7 meeting the council accepted the City of Selma’s audited financial statements for the fiscal year ending June 30, 2025. Auditor Ryan Jolly delivered an independent auditor’s report with an unqualified opinion and presented highlights from the statements.
Key points included an ending government‑wide net position of about $96.4 million and a general fund net decrease of approximately $2.6 million, much of which reflected capital outlay and the spenddown of ARPA funds on the Clarkson Lift Station (about $1.7 million). Auditor Jolly also flagged several funds with negative fund balances tied primarily to timing differences in grant reimbursements and enterprise‑fund shortfalls. He reported no material weaknesses in internal control testing and no disagreements with management.
Council members discussed the implication for reserves and noted that using one‑time ARPA funds for ongoing operating costs contributed to structural pressure on the budget. Staff and council indicated they will continue working through the FY26‑27 budget process to address the deficit and restore fund balance stability.
The council voted to accept the audit by roll call.
Speakers quoted: Ryan Jolly (auditor); Mayor Robertson; Finance Director.
