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Calabasas audit returns unqualified opinion; tennis-and-swim faces capital shortfall
Summary
City auditors issued an unqualified opinion on Calabasas’s fiscal year ending June 30, 2025; the general fund closed with a roughly $1.4 million surplus, but the Tennis & Swim enterprise ran a $186,000 deficit and will need more than $1 million in capital work, officials said.
The Calabasas City Council received an annual financial report showing the city earned an unqualified opinion from its auditors for the fiscal year that ended June 30, 2025, staff told the council March 25.
Ron, the staff presenter, said the auditors—the firm identified in the report as RANDERSON, ROGERS, AND SCOTT (RAMS)—gave the city their "highest rating, which is an unqualified opinion." He told the council the general fund posted roughly $31,900,000 in revenues and $30,500,000 in expenses, leaving about a…
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