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Deloitte gives Austin a clean FY2025 audit opinion but flags a $13M pension valuation control issue
Summary
Deloitte issued an unmodified (clean) opinion on the City of Austin's FY2025 annual comprehensive financial report but reported a significant deficiency related to firefighters' pension valuation tied to House Bill 2802 (about $13 million) and recommended increased management review for legislative or plan changes.
The City's FY2025 Annual Comprehensive Financial Report (ACFR) received an unmodified (clean) audit opinion from Deloitte, the city's external auditor, the committee heard on April 15.
Maria Norton, the city controller, introduced the audit team and noted the ACFR was issued on March 6, 2026. Tracy Cooley and Madeline Morris of Deloitte reported that while the audit yielded a clean…
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