Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditor issues clean opinion; Chino council receives fiscal 2025 annual comprehensive financial report
Summary
The city's independent auditor issued an unmodified opinion on the fiscal year ended 06/30/2025 financial statements, noting primary audit risks (management override, revenue recognition, and estimates), a roughly five-month general fund liquidity estimate, and some audit timing delays attributed to staff turnover.
The Chino City Council received and filed the city's annual comprehensive financial report for the fiscal year ended June 30, 2025, after a presentation by Ahmed Badawi of Badawi and Associates, who reported an unmodified (clean) audit opinion and summarized the audit's scope, risks, and findings.
"We have issued an unmodified opinion, and that's in simple terms means it's a clean opinion," Badawi told the council. He said the firm was engaged to opine on the city's basic financial statements (the annual comprehensive financial report), perform the single audit of federal grants, audit certain district procedures, and file required reports with the state controller's office.
Bad…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
