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Frostburg posts clean FY25 audit; council introduces FY27 budget with proposed 19% water-rate increase
Summary
City finance staff reported a clean FY25 audit with no findings and posted the financial statements; the council introduced the FY2027 budget ordinance that includes a proposed 19% increase to in-city water rates and a 3% salary increase on first reading.
Phillips, the city's finance lead, told the Frostburg mayor and council that auditors issued an unqualified (clean) opinion on the FY2025 financial statements and found no material findings. "They issued an unqualified or a clean opinion," Phillips said, adding that the audit and single-audit documentation will be posted on the city website.
The council then introduced the FY2027 budget…
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