Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Pampa commission accepts 2025 comprehensive financial report; auditors issue clean opinion
Summary
The city accepted its 2025 annual comprehensive financial report after auditors from Brown Graham presented an unmodified (clean) opinion and noted the general fund balance of $6,169,000, about four months of reserves given monthly expenditures around $1.5 million.
The Pampa City Commission accepted the City of Pampa's 2025 Annual Comprehensive Financial Report after Brown Graham auditors presented their findings and said they issued an unmodified (clean) audit opinion.
Gary Brown of Brown Graham told the commission the auditors provided a high-level review and, as in prior years, believe the financial statements are materially correct. "This is what we call an unmodified or clean opinion," Brown said. He noted the city's total general fund balance next to the financial statement numbers is $6,169,000, which he said equates to about four months of operating reserves given an average monthly expenditure of roughly $1.5 million.
Brown said the audit used a risk-based approach and that the audit committee had reviewed details earlier. He added the auditors did not identify control deficiencies, significant deficiencies or material weaknesses that required reporting. "We didn't have any comments that we felt like were any kind of control deficiency, significant deficiencies or material weaknesses," he said.
Commissioners had no additional questions and moved to accept the report. The motion to accept the 2025 Annual Comprehensive Financial Report carried on the record.
The acceptance places responsibility for final financial statements with the mayor and commission as required; staff will proceed with any remaining administrative tasks tied to the audit and award processes.
