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Auditors give Eastvale municipal finances a clean opinion; council receives annual report
Summary
The auditors issued an unmodified (clean) opinion on the city's annual comprehensive financial report for the fiscal year ending June 30, 2025; staff reported a $33.8 million surplus and the council voted 4-0 to receive and file the report.
City finance staff presented the annual comprehensive financial report for the fiscal year ended June 30, 2025, and the city's external auditors delivered an unmodified opinion.
Finance staff highlighted core elements of the report and described the annual audit process, which includes auditor review of financial records, internal-controls assessment, and preparation of draft statements. Staff reported a $33.8 million surplus for the fiscal year and said a substantial portion of the surplus has been directed to the Civic Center construction project.
Devin Feldhut, representing the audit firm Grama, told the council the auditors issued an unmodified opinion — the highest level of assurance — finding the financial statements fairly presented in all material respects and that significant accounting policies were consistently applied. Feldhut described audit procedures such as confirmations of cash balances, analytical review and reading of minutes, and noted the firm used data analytics on disbursements.
Councilmembers thanked staff and the auditors; Mayor Pro Tem Laura Moore remarked she appreciated the unmodified opinion and the reassurance it provided. Council voted 4-0 to receive and file the audit and related reports.
