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Llano audit: independent auditors issue clean opinion; city posts healthy reserves
Summary
An independent audit for the fiscal year ending Sept. 30, 2025, delivered an unmodified opinion and shows Llano’s general fund reserves at roughly 57% of annual expenditures; auditor said he will follow up on a $300,000 revenue variance question.
John Watson, an auditor with Brooks Watson & Company, presented the city’s annual financial audit for the year ended Sept. 30, 2025, reporting an unmodified (clean) opinion and a number of positive benchmarks. Watson said total assets exceeded total liabilities by $35,420,000 and the city’s governmental funds reported a combined ending fund balance of $4,252,403, an increase…
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