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Carlin accepts FY 2024–25 audit with clean opinion; auditors note reconciliation and reporting findings
Summary
Eide Bailly gave Carlin an unmodified (clean) opinion for FY 2024–25; auditors reported several findings including unexplained bank reconciliation items (~$14.5M), revenue recognition errors totaling $1,663, and single-audit reporting issues related to ARPA funds. Council approved the audit unanimously.
The Carlin City Council accepted the Fiscal Year 2024–25 audited financial statements and single audit on Feb. 25 after a presentation by Eide Bailly.
Teri Gage, the engagement partner, said the auditors issued an unmodified (clean) opinion and that the City’s financial statements were fairly presented in all material respects as of June 30, 2025. She reported that the City’s net position was about $25.4 million (an increase of roughly $5.7 million from the prior year) and that cash decreased about $1.8 million, largely because ARPA funds were spent on capital projects.
Gage listed capital additions including about $4 million for a storage tank transmission main, $160,000 for the Oak Street lift station, about $177,000 for ambulance equipment and remount costs, $263,000 on Poplar Street, $125,000 on the Poplar subdivision, $545,000 on a new splash pad, and $116,000 for two police vehicles. She said the City incurred about $130,000 in new debt for vehicle leases and reported a net pension liability (PERS) of roughly $2.3 million.
Audit findings included a bank reconciliation issue the auditors could not fully explain, which Gage described as reconciling items totaling about $14,485,000; a revenue-recognition error resulting from an incorrect rate change in the billing system with a net effect of $1,663; and single-audit reporting errors tied to ARPA expenditures. She also noted internal-control items such as journal-entry preparation without independent review and the mayor/vice mayor no longer reviewing the payroll register; the auditors recommended returning the payroll review practice.
Councilperson Lyndsie Whigham thanked staff and had no immediate questions; Whigham moved to approve the fiscal-year audit and single audit and Councilperson Joel Nalley seconded. The council voted unanimously to accept the audits.
The presentation noted several corrective items for staff action. The council did not vote on corrective measures at the meeting beyond approving the audit reports and accepting the auditors’ recommendations for staff to address the findings.
