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Dripping Springs accepts FY 2025–26 audit; auditors note unmodified opinion but repeat material weakness
Summary
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 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).
An auditor said, “We’re happy to report that our audit opinion is what’s called unmodified,” and described the audit…
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