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External auditors issue clean opinion on Tuscaloosa City 2025 financial report; council hears fund health and surplus calculation
Summary
Auditors told the council they are issuing a clean, unmodified opinion on the city's financial statements, reported a GFOA certificate for the 38th consecutive year and highlighted key figures including roughly $1.46 billion in assets and a general fund increase of about $10 million.
External auditors delivered the annual comprehensive financial report and told the Tuscaloosa City Council they are issuing a clean, unmodified opinion on the city's fiscal year financial statements.
"I'm happy to say that we're issuing a clean, unmodified opinion on this year's report," Lucas Hand, the lead auditor from the engagement firm, told the council. He also said the firm issued a clean single-audit opinion and found no significant deficiencies or material weaknesses in the city's internal controls.
Hand highlighted a series of key figures from the report: total assets and…
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