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Council accepts 2025 audit showing essentially breakeven finances
Summary
The city uditor presented the fiscal 2025 audit and the council unanimously accepted a clean (unmodified) opinion; the auditor recommended earlier starts next year to meet a new state 6-month deadline and noted a recovered escrow item identified during the audit.
The city council unanimously accepted the fiscal 2025 audit after a presentation by the auditor, who said the financial statements were presented fairly and the city received a clean, unmodified opinion.
The auditor, Mike, told the council the government-wide statements showed about $12.4 million in total assets and an almost breakeven operating result (a…
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