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Parkland gets clean FY2025 audit; commission approves $6.6M road improvement note at 4.01% lowering resident assessments
Summary
Auditors delivered an unmodified opinion on Parkland’s FY2025 annual comprehensive financial report; the commission unanimously approved a resolution authorizing a roadway improvement special assessment revenue note up to $6.6 million (direct placement at 4.01%), lowering estimated assessments for some parcels compared with prior assumptions and creating two new debt service funds as part of a midyear budget amendment.
The City of Parkland received an unmodified (clean) audit opinion on its FY2025 Annual Comprehensive Financial Report and the commission moved forward with financing that staff said will lower homeowners’ special assessments tied to two roadway projects.
Jamie Blank, senior manager at Caballero, Fierman, Yerena & Garcia, presented the audit and told the commission the FY2025 financial statements present fairly in all material respects. The auditor reported no significant deficiencies or material weaknesses in internal control and no instances of noncompliance discovered in testing; staff and external auditors said there were no…
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