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Sanitary district audit shows ‘clean’ opinion; board accepts FY24–25 financial statements
Summary
The East Palo Alto Sanitary District—now a subsidiary of the city—received a clean audit for FY24–25 showing a $3.4M increase in net position, approximately $26M in unrestricted equity and no reportable internal control deficiencies; the board voted to accept the audit.
The East Palo Alto Sanitary District audit for fiscal year 2024–25 received a clean opinion and was accepted by the board at the council’s meeting Tuesday.
Tomo Oku, finance director and district treasurer, summarized the district’s first audit since it became a blended component unit of the city. The audit showed the district’s net position increased by…
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