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Yucaipa receives clean audit; finance director reports $6.6M positive change in net position
Summary
The council received the city's audited annual comprehensive financial report for the year ended June 30, 2025. Finance Director Phil White said assets rose to $270 million, unrestricted net position increased to $38 million, and the audit yielded an unmodified (clean) opinion; council discussed Measure S oversight and an internal loan ("diff") deficit that remains under monitoring.
Finance Director Phil White presented the city's Annual Comprehensive Financial Report for the year ended June 30, 2025, describing it as a "trailing document" that reconciles actual results. He told the council the city reported $270 million in total assets and a $248 million net position, with $38 million in unrestricted net position (up from $34 million the prior year). Phil White said the city recorded a $6.6 million positive change in net…
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