Dripping Springs accepts FY 2025–26 audit; auditors note unmodified opinion but repeat material weakness
The council accepted the FY 2025–26 audit, which carried an unmodified (clean) opinion and reported a combined net position of about $141.8 million. Auditors cited a repeated material weakness in year‑end closing procedures related to post‑close journal entries; staff described controls and planned fixes including dual signatories and restructuring budget line presentation.
The full story
The Dripping Springs City Council voted to accept the FY 2025–26 audit report after a presentation from the city’s auditors. The audit firm reported an unmodified (clean) opinion on the city’s financial statements and highlighted several key figures: a combined net position of about $141.8 million as of Sept. 30, 2025, an increase of roughly $35.9 million from the prior year, and a general fund balance of about $6.5 million (a $1.3 million decrease).
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