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Lucas accepts auditor’s clean ACFR for FY 24‑25, council hears financial highlights
Lucas City Council · March 5, 2026
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Summary
City auditors issued a clean (unmodified) opinion on the FY 24‑25 Annual Comprehensive Financial Report. Council heard key figures — assets exceed liabilities by about $101.7M; unassigned general fund balance ~$11.5M (about 144% of annual expenditures) — and unanimously accepted the report.
Lucas City Council accepted the city’s Annual Comprehensive Financial Report (ACFR) for fiscal year 2024–25 after a presentation from auditor Mike Brooks of Brooks Watson & Company.
Brooks reported a clean (unmodified) auditor’s opinion and…
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