Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City auditors give Liberty Hill an unmodified opinion; report shows strong fund balance and healthy pension
Summary
Brooks and Watson presented the City of Liberty Hill's annual financial report for the year ending Sept. 30, 2025, delivering an unmodified audit opinion and noting $176 million in net assets, an unassigned general fund balance of just over $16 million and a pension asset position.
John Watson, the city's independent auditor with Brooks and Watson, presented the City of Liberty Hill's annual financial report for the year ended Sept. 30, 2025, and said the city received an unmodified audit opinion.
Watson told the council that total assets exceeded total liabilities by about $176,000,000 and that the city's unassigned general fund balance was a little over $16,000,000, which he said represents roughly 131% of annual general fund expenditures.…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat