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Brentwood aldermen accept FY2025 audit after $1.7 million revenue timing error
Summary
The Brentwood Board of Aldermen unanimously accepted the Fiscal Year 2025 audit on June 29, 2026, after a correction restated Fund 40 and an auditor explained a $1.7 million revenue timing error that had been recognized in 2024 but belonged in 2025.
The Brentwood Board of Aldermen unanimously approved the city's Fiscal Year 2025 audit at a special meeting on June 29, 2026.
Finance Director Michelle DePew reported a minor change to the financial statements: the balance in Fund 40 was restated. Auditor Adam Pulley (CLA) said the underlying issue was a revenue cutoff error. "There was $1.7M that was recognized as revenue in 2024 but it technically should have been recognized in 2025 and was missed in the previous audit processing," Pulley said, describing the timing error that delayed finalization of the audit.
Alderwoman Nancy Parker Tice moved to accept the FY2025 audit and Alderman Jeff Gould seconded the motion. The board recorded a unanimous vote in favor and the motion passed. The minutes indicate a quorum was present for the vote and that no material defaults remained after the clarification.
The special meeting was brief: Mayor David Dimmitt called the meeting to order at 6:00 p.m., the board handled routine roll call and agenda approval by acclamation, considered the audit discussion, and adjourned at 6:12 p.m. No further actions, amendments, or follow-up tasks were recorded in the minutes.
The acceptance resolves the audit item for FY2025 as presented in the minutes; the record notes the correction to Fund 40 and the $1.7 million revenue timing adjustment but does not specify additional remediation steps or changes to policy in the minutes.
