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Auditor gives Haines Borough a clean opinion for FY2025; no grant findings
Summary
External auditor Max Mertz reported a clean opinion on the borough’s financial statements and found no findings on major state and federal programs (state debt reimbursement, storm-related funding, FEMA disaster funds); he disclosed PERS-related estimates and offered to return with permanent-fund and investment details.
Max Mertz, the borough’s external CPA auditor, told the Assembly his audit of fiscal-year 2025 financial statements produced an unmodified (clean) opinion and disclosed no question costs or findings on major state and federal programs, including FEMA disaster funding tied to the 2020 storm event.
Mertz explained required disclosures to the Assembly: significant adjustments related to PERS (pension) assets and liabilities, the fair-value sensitivity of investments at fiscal year-end and other accounting estimates. He said staff and the borough’s finance team cooperated and that the audit went smoothly.
Mertz said he would return with a presentation on the borough’s permanent fund, investment strategy and expected returns during the budget process.
Quote: “The opinion is clean,” Mertz said. “There is no disagreement with management and no difficulties completing the audit.”
Outcome: no Assembly questions required further action; the auditor’s letter and financial statements will be part of the borough records.
