Council accepts 2024–25 audit; auditors note recurring disclosure about preparation conflict
Auditor Theresa reported no misstatements or fraud in the 2024–25 financial audit but issued a standard finding noting a conflict of interest because the auditor prepared the city's financial statements; council voted to accept the audit and file the transmittal resolution with the secretary of state.
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Theresa, the auditor who performed the city's 2024–25 financial audit, told the council the audit found no misstatements and identified no fraud. "As of the end of the audit, there were no misstatements," she said, and added that the only formal finding was the disclosure that the auditor prepared the city's financial statements while also performing the audit — a practice Oregon law permits but that auditors commonly flag as a conflict.
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