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Maumelle council accepts 2025 audited financial statements
Summary
Council received a presentation of the 2025 audited financial statements, was told the audit opinion is clean, and accepted the report after brief review; auditors flagged minor control items and one federal-grants compliance policy wording issue but found no noncompliance.
Becca, the auditor who presented the 2025 audit, told the council the firm issued "a clean, unmodified opinion," saying the city's financial statements are materially correct. She highlighted that the audit identified significant estimates around the city's net pension and other post-employment benefits liabilities and noted that capital grants rose by about $1.3 million this year.
Becca also described a small number of internal-control matters and one item in the new federal-grants compliance review related to suspension and debarment language in policy. She said there was "no noncompliance" and that the policy language could be updated; the council accepted the audit by voice vote with no discussion. The council will incorporate the auditor's recommended updates to internal-control documentation and federal-grant policy language into its follow-up work.
