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City auditor gives FY2025 a clean opinion; assets and net position modestly up
Summary
At the March 5 work session, the city auditor presented the FY2025 annual financial report, issuing an unmodified (clean) opinion and reporting $84.6 million in total assets and $66.7 million in net position; governmental revenues fell largely because prior-year bond proceeds did not recur.
The city’s auditor presented the annual financial report for the fiscal year ended June 30, 2025, saying the firm had issued an unmodified opinion and had not found any material weaknesses or significant deficiencies.
“The opinion you want when you're working with financial reports,” the auditor said, noting that deficiencies flagged in the prior report were corrected in FY2025. The auditor reported total assets…
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