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Council accepts clean audit, approves $6.66M transfer to infrastructure and $613K to liability reserve
Summary
Finance Director Betsy Hopes presented a clean FY 2024-25 audit. Council accepted the audit, agreed to move $6.66 million to an infrastructure holding fund and $613,000 to a general liability internal service fund, and set April study-session dates for budget review.
The Rohnert Park City Council received the city—s annual financial audit on Jan. 13 and accepted an unqualified ("clean") opinion from the Pun Group for fiscal year 2024–25.
Finance Director Betsy Hopes summarized the audit and related reports, noting $50.66 million in revenues and $53.8 million in expenditures for FY 2024–25 and a $1.8 million decrease in general fund balance largely driven by planned transfers and assignments (including downtown reserve transfers to capital projects and funds set aside for labor negotiations).
"The auditor has issued an unqualified or clean opinion that the city's financial statements are fairly presented in conformity with generally accepted accounting principles," Hopes said.
Council reserved $6.66 million for infrastructure by moving the dollars into a capital projects holding fund and approved a $613,000 transfer to the new general liability internal service fund reserve. Hopes said those actions reduce the risk of double‑counting funds across special revenue and general funds and make the CIP funding easier to track.
Council also selected April 16–17 as two four‑hour budget study sessions for fiscal 2026–27 (3 p.m.–7 p.m. both days).
Council action: Motion to accept the audit and approve the recommended transfers passed unanimously. Staff will implement the transfers and continue budget preparations for the spring study sessions.
Why this matters: The clean audit clears prior year findings, preserves public confidence in stewardship of public funds, and consolidates reserves to make capital budgeting and liability funding more transparent and sustainable.
What to watch next: Staff will present the FY 2026–27 recommended budget at the April study sessions and will incorporate the newly centralized CIP holding fund in next year—s capital programming.
