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Philomath council accepts 2024–25 audit with clean opinion; minor controls noted
Summary
City auditors issued an unmodified (clean) opinion on Philomath’s 2024–25 financial statements; auditors noted minor compliance items (budget schedule mismatches and bank reconciliation review) and a net pension liability increase tied to Oregon PERS.
Philomath’s City Council accepted the fiscal year 2024–25 financial and related reports after a presentation by the city’s auditor, Brad Bingenheimer of Senior Liwac, who said the audit issued an unmodified opinion and highlighted key financial changes.
Bingenheimer told council the government‑wide statements show lower total governmental assets compared with…
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