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Rosenberg council accepts FY2025 comprehensive financial report with clean audit
Summary
Independent auditors Whitley Penn presented an unmodified (clean) opinion on the City of Rosenberg’s FY2025 financial statements; council accepted the annual comprehensive financial report after questions on reserves and transfers.
The Rosenberg City Council voted to accept the city’s FY2025 Annual Comprehensive Financial Report (ACFR) after a presentation from auditor representatives and brief council questions.
Whitley Penn delivered the audit highlights: an unmodified (clean) opinion on the financial statements, total assets of about $443.4 million, total liabilities about $151.8 million, and net position of roughly $291.6 million at Sept. 30, 2025. Long-term liabilities declined (from about $132.7 million to $122.9 million), and the general fund reported $39.8 million in revenues against $38.6 million in expenditures, yielding a $23 million ending fund balance (about 60% of operating expenditures), comfortably above the city’s 25% local policy reserve target.
Auditors said they found no material weaknesses or significant deficiencies in internal controls related to the financial statements and reported no material noncompliance for the major federal program tested (Community Development Block Grant). Council members asked about year-to-year trends and the effect of transfers to capital funds; staff explained those transfers were part of a capital funding strategy to avoid additional debt.
A motion to accept the audit was made, seconded, and approved by the council. The council did not identify adjustments or disagreements with management presented by auditors.
