Oak Ridge audit: clean opinion; $12M interfund loan and three audit findings highlighted
City auditors presented a clean (unmodified) opinion on Oak Ridge’s FY 2025 financial statements but noted a $12 million interfund loan to the water department, accounting-rule changes and three audit findings tied to reconciliations and budget line-item monitoring.
The full story
Auditors from Pew CPAs presented the annual audit for the fiscal year ended June 30, 2025 at the Oak Ridge City Council meeting, delivering a clean (unmodified) opinion while flagging several items for council attention.
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