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Cleburne council accepts FY2025 audit; auditors issue unmodified opinion
Summary
External auditors gave the City of Cleburne an unmodified (clean) opinion on its FY2025 financial statements, reported approximately $40.7M in general fund balance with $24.7M unassigned, and found no reportable grant compliance issues; council accepted the audit unanimously.
City auditors presented the FY2025 annual comprehensive financial report and related letters, reporting an unmodified opinion that the city’s financial statements are presented fairly and in accordance with generally accepted accounting principles. The audit team noted the city implemented a new GASB standard related to compensated absences this year.
Auditors highlighted the general fund balance at about $40.7 million, with approximately $24.7 million unassigned (staff said that equates to about 158 days of fund balance under the city’s policy). The auditors reported no uncorrected misstatements and no findings for grant compliance in the single-audit testing period; staff noted a prior finding related to Section 8 housing had been addressed.
Council members asked about pension and OPEB disclosures; auditors explained actuarial estimates drive pension liabilities and the financial statements disclose those as significant estimates. City staff reported the pension funds showed improvement year over year.
After questions, Councilmember Blake Jones moved to accept the audit; the motion passed unanimously.
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