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Lemon Grove council receives audit showing stable reserves and no material weaknesses
Summary
The council received and filed the City of Lemon Grove's annual comprehensive financial report for the fiscal year ended June 30, 2025; auditors reported growing unrestricted reserves equal to roughly nine months of expenditures, no material weaknesses, and a pension liability roughly $11.7 million.
Lemon Grove City Council on March 17 received and filed the city's annual comprehensive financial report for the fiscal year ended June 30, 2025, after an audit presentation that described the city's finances as stable and improving.
Ahmed Badawi, audit partner with Badawi and Associates, told the council the firm found no material weaknesses and noted the city's unrestricted fund balance has grown, providing what he described as roughly nine months of operating coverage in the unlikely event revenues stopped. "The…
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