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Calabasas posts unqualified audit; general fund up $1.4M, tennis and swim show operating deficit
Summary
The City of Calabasas received an unqualified audit opinion for fiscal 2024–25, with the general fund showing a $1.4 million increase; the Tennis & Swim Center ran a roughly $186,000 operating deficit and will require more than $1 million in capital upgrades in coming years, officials said.
The City of Calabasas received an unqualified opinion from its external auditors for the fiscal year ending June 30, 2025, while staff outlined both near-term operating issues and major upcoming capital needs.
“The auditor has given the city their highest rating, which is an unqualified opinion,” staff presenter Ron told the council while reviewing the annual financial report. He said the city recorded $31,900,000 in revenues and $30,500,000 in expenses for the year, leaving approximately $1,400,000 added…
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