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Weatherford utility board accepts annual audit showing $17.6 million equity increase
Summary
The Weatherford Municipal Utility Board accepted the fiscal year 2025 audit, which delivered an unmodified (clean) opinion and reported a $17.6 million increase in equity; auditors said they found no instances of noncompliance requiring disclosure.
The Weatherford Municipal Utility Board voted to accept the municipal utility system’s annual financial report for the fiscal year ended Sept. 30, 2025.
Dawn Brooks, assistant city manager and chief financial officer, introduced the report and turned the presentation over to Michelle Majewski of Pattillo, Brown & Hill LLP, the external audit firm. Majewski told the board the auditors had issued “an unmodified opinion in accordance with government auditing standards,” and that they did not find material misstatements, fraud or reportable noncompliance.
The audit presentation highlighted a reported $17,600,000 increase in the utility’s equity position. Majewski said the increase reflected several revenue improvements, including about $1,100,000 in higher electric sales and roughly $700,000 in higher water and wastewater revenues.
Board members praised the finance staff for their work and the cost savings the department provides to citizens. After brief comments, a motion to accept the audit was made and seconded; the board recorded acceptance of the report.
The board was not asked to adopt policy changes or authorize expenditures as part of the acceptance; staff said the action was to formally acknowledge receipt of the audit and to continue routine financial oversight. The board thanked the finance team and the external auditors before moving to the next agenda item.
