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Town audit shows clean opinion; finance director highlights reserves and GFOA award
Summary
Independent auditors issued an unmodified opinion on the Town of Miami Lakes’ FY2025 financial statements, reporting no findings; the town’s unassigned fund balance was reported at about $5 million and the finance team was recognized by GFOA for the 13th consecutive year.
Town finance staff and outside auditors presented the annual comprehensive financial report and audit results during the April 1 meeting, delivering largely positive findings.
The town’s chief financial officer, Kaye Grant, introduced the FY2025 ACFR and said the independent auditors (GEMRT) completed the audit on March 27. Lead partner Jerry Donatus told council the audit included an unmodified opinion — the accounting term for ‘‘clean’’ — and the auditors found no material weaknesses, no significant deficiencies, and no reportable findings in the financial statements or the single‑audit compliance testing for major federal programs.
The audit highlights: GEMRT reported the town’s unassigned fund balance was approximately $5,000,000 as of Sept. 30, 2025, and that reserve levels were in line with the town’s policy. Auditors also noted only routine year‑end adjustments were necessary for statement presentation.
In recognition of the town’s financial reporting, staff said the town received the Government Finance Officers Association certificate of achievement for excellence in financial reporting for the 13th consecutive year; the finance director, Kaye Grant, called the recognition ‘‘a testament to transparency and stewardship.’'
Council reaction and next steps: Council members praised the finance staff for the audit results and agreed the report would be posted on the town website so residents can review the details. The finance director and auditors invited members of the public who have questions to contact staff through the town manager’s office.
Representative quote: "It tells how the town managed their funds in 2025," Kaye Grant said of the ACFR. Audit partner Jerry Donatus added the testing for major federal programs also produced an unmodified opinion.
