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City receives clean 2025 audit; auditors note two small adjustments
Summary
Auditors from Alan Gibson Hulik reported an unmodified opinion on Gardner City's 2025 financial statements, citing no internal-control findings, one recorded $86,000 inventory adjustment and one unrecorded but immaterial $31,000 accrued-wages item.
Gardner City's independent auditors told the council they had issued an unmodified (clean) opinion on the 2025 financial statements, and found no internal-control issues.
"We issued an unmodified opinion again this year," said Nathan Mole, assurance senior manager with auditing firm Alan Gibson Hulik. He said the firm found the statements to be properly stated and that the audit otherwise went "very smooth." The city will submit the annual comprehensive financial report for a certificate of achievement from the Government Finance Officers Association.
Mole walked the council through the required-communications letter and described two audit adjustments. One recorded adjustment decreased electric-fund inventory and increased expense by $86,000 after auditors identified an erroneous inventory-cost update. A second adjustment related to accrued wages at year-end — $31,000 in the general fund — was judged immaterial by management and auditors and was not recorded.
On estimates and subjectivity, Mole said the audit reviewed management's use of actuary reports for pension and OPEB liabilities and historical collection rates used to set allowances for uncollectible receivables.
"We didn't have any findings this year," Mole added regarding the auditor's internal-control report. He recommended periodic review of electronic-fund/wire-transfer processes and continued attention to cyber-security risks and policy-and-procedure updates.
Council members thanked finance staff for their work on the report. No formal action was required following the audit presentation.
