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Minnetrista receives unmodified 2025 financial audit; council formally accepts report
Summary
Auditors reported a clean (unmodified) opinion on the citys 2025 financial statements with no material weaknesses or Minnesota legal compliance exceptions; council formally accepted the audit 5-0.
CliftonLarsonAllen auditors presented the results of the 2025 financial audit to the Minnetrista City Council on May 18 and issued an unmodified (clean) opinion.
Troy Gabler, presenting on behalf of CLA, said auditors found no uncorrected misstatements, no significant deficiencies or material weaknesses in internal control over financial reporting, and no Minnesota legal compliance exceptions. "It's been quite a while since I've had that," Gabler told the council, calling the result notable.
Project manager Austin Wolf summarized key financial metrics: the general funds unassigned balance stood just over $2.5 million (about 40% of expenditures), revenue and expense levels have been stable year-to-year, and the water enterprise fund experienced a revenue decline attributed to lower water usage in recent years. CLA reported total debt at the fiscal-year end of $22,262,000 and noted principal payments of about $1,771,000 in 2025.
Council moved and seconded to receive and accept the 2025 audit, and the motion passed unanimously (5-0).
City staff and council praised the finance teams work preparing timely statements and noted that upcoming GASB standards will lead to presentation changes but not material disruption to accounting processes.
