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City audit issues material weakness but shows strong fund balance
Summary
Auditor Armstrong Von and Associates issued an unmodified opinion on Helotes' FY25 financials but reported a material weakness in internal controls and several significant audit adjustments; FY25 ended with about $13.1 million in general fund balance.
The city's independent auditor told the Helotes City Council that the FY25 financial statements received an unmodified opinion but that the audit also identified multiple significant journal adjustments that amount to a material weakness in internal controls.
"We did issue what's called an unmodified opinion," Kimberly Roach of Armstrong Von and Associates told the council. She added that the audit required several significant journal entries and that the volume of adjustments "did lead to what we have to…
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