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Carmel-by-the-Sea council accepts clean audit showing stronger fund balance
Summary
The Carmel-by-the-Sea City Council unanimously received the city's Annual Comprehensive Financial Report for FY2024–25 after auditors issued an unmodified opinion; the report shows improved net position and a healthy general fund, while pension liabilities remain a long‑term pressure.
The Carmel-by-the-Sea City Council unanimously voted March 24 to receive the city's Annual Comprehensive Financial Report for the fiscal year ending June 30, 2025, after the independent auditor delivered a clean opinion.
Sheldon, the city's auditor, told the council the firm issued an unmodified opinion, meaning it found no material misstatements in the financial statements. "We issued an unmodified opinion on the financial statements," he said, and reported no material weaknesses or…
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