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Fort Pierce commission accepts FY2025 audit; auditors report improved net position, flag receivables and property‑tax paperwork
Summary
The City of Fort Pierce accepted its FY2025 comprehensive annual financial report after an auditor presentation showing higher cash and investments and a $7.6 million increase in net position; commissioners pressed staff on stormwater receivables, an $18,000 property tax billing, and ongoing operating losses at several city enterprises.
The City of Fort Pierce commission voted unanimously April 20 to accept the city's FY2025 comprehensive annual financial report following a presentation by outside auditor Mark Barnes.
Barnes, of DeBartla, Mayo, McBee, Hartley and Barnes, told the commission the city’s cash and investments rose by about $5.8 million, current liabilities decreased by about $6.3 million and long‑term liabilities by $4.3 million, producing an overall net position increase of about $7.6 million compared with the prior year. Capital investment increased roughly $2 million, and major capital outlays for the year included about $5 million for public‑safety radios and cameras, the auditor said.
Why it matters: commissioners said the audit shows a stronger balance sheet, but they…
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