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Redmond posts clean audit, sees small midyear deficits and approves Juniper range contract and CIP SDC changes
Summary
Auditors gave Redmond a clean (unmodified) opinion for FY2025 with a $300,000 compensated‑absence restatement; midyear projections show a modest general‑fund deficit. Council authorized a Juniper Golf Course driving‑range contract and adopted five‑year CIP and SDC list amendments.
Auditors reported an unmodified (clean) opinion on Redmond’s 2025 financial statements on Feb. 10, noting no material findings but requiring a restatement related to compensated absences under GASB Statement 101 that increased liabilities by about $300,000.
Tom Farrell, the city accounting supervisor, explained the audit approach and limitations; auditor Rob Tremper said the engagement involved extensive staff effort and about 500 auditor hours for the city and urban renewal agencies. Tremper told the council there were no material misstatements and no reported material weaknesses or significant deficiencies: "We had a clean or unmodified opinion on the city's financial statements," he said. The auditors reported two small past‑period audit adjustments — roughly $26,000 — that did not warrant restating prior audits.
Finance staff and council then reviewed a midyear fiscal report for FY25‑26. Staff reported about 49% of the operating budget spent and projected nearly full-year spending (about 99%), with a projected $900,000 operating deficit in the general fund (around 3%). The lodging tax was performing well (about 10% higher year‑over‑year), while some enterprise funds are surplusing but face future debt obligations.
On capital items, CourseCo sought council approval for Juniper Golf Course driving‑range improvements. The council voted to award a contract for the covered tee structure ($121,725) and authorized a maximum project budget of $280,178; staff said construction could start in April with a 60‑ to 90‑day timetable and a planned opening in July 2026.
Public Works Director Jessica McClanahan presented the five‑year Capital Improvement Program, identifying roughly $119 million in projects and $125 million in resources. The package centers on a new Redmond Wetlands Complex (a wastewater treatment facility estimated at $88 million) and transportation projects including the Eastside Arterial. Council adopted two SDC project‑list amendments: adding a Well 4 improvements project to the water SDC list and adding a downtown ice‑rink and a developer‑built 121 West Park to the parks SDC list.
Councilors and staff acknowledged construction impacts to businesses along the Eastside Arterial project; a nearby business owner said a proposed 10‑week closure of Veterans Way would endanger access and revenue, and staff said project teams will work to reduce closure duration and pursue more targeted mitigation and outreach.
