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Kennedale Council accepts FY2025 independent audit; auditors report clean opinion
Summary
City auditors (Forvis Mazars) reported an unmodified (clean) opinion on the city and EDC financial statements and noted minor audit adjustments and two limited control deficiencies; council voted unanimously to accept the audit report.
Dan Veron, audit partner with Forvis Mazars, presented the independent auditor’s report on April 21, saying the firm issued unmodified (clean) opinions on the City of Kennedale’s annual comprehensive financial report and the Economic Development Corporation’s standalone statements. "We did issue unmodified or clean opinions on both of those reports," he said.
Veron described a handful of recorded audit adjustments, most of which were timing items or entries related to new GASB pronouncements (pensions, OPEB, leases, compensated absences) and were not material to the city’s budgetary position. He reported two minor internal control deficiencies related to year‑end closing procedures and the timing of recognizing certain intergovernmental revenues, and said those items were communicated to management for corrective action. The auditors also noted the city had submitted its package for GFOA certificate of achievement and expected successful recognition for FY2025.
Councilmembers asked follow‑up questions about the magnitude of adjustments and the single‑audit/SLFRF review; auditors said major recorded adjustments were related to GASB reporting entries and that the SLFRF (ARPA) exam was in process given the city met the threshold for such reporting.
A motion to accept the independent auditor’s annual comprehensive financial report for the fiscal year ended Sept. 30, 2025, was made and seconded; council voted unanimously to accept the audit.
