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Council accepts audited annual financial report for fiscal year ending Sept. 30, 2025
Summary
Council heard that the ACFR for the year ending Sept. 30, 2025 was audited with a clean (unmodified) opinion by Brooks Watson and Company; council voted unanimously to accept the report.
Finance Director Overgaard presented the Annual Comprehensive Financial Report (ACFR) for the fiscal year ending Sept. 30, 2025, saying the document had been audited by Brooks Watson and Company and that the city received an unmodified (clean) audit opinion. Overgaard summarized key highlights including a reported general fund ending balance of $23,644,660 and a combined fund balance of $30,991,335.
Council members asked whether the ACFR would be posted to the city website; Overgaard said it would likely be available Monday. Council member Tyner moved to accept the ACFR, the motion was seconded, and the council voted unanimously to accept the report. "We've received an unmodified or clean audit opinion," Overgaard said.
