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Cleburne accepts FY2025 audit; auditors issue clean opinion
Summary
The City of Cleburne received an unmodified (clean) opinion on its FY2025 financial statements, with staff and auditors noting no reportable findings in grant compliance testing; council accepted the audit unanimously.
External auditors presented the comprehensive annual financial report for the fiscal year ended Sept. 30, 2025, and issued an unmodified opinion indicating the financial statements are presented fairly in all material respects. The audit team noted the city implemented a new GASB standard related to compensated absences this year and described pension and OPEB balances as significant management estimates based on actuarial valuations.
The audit presentation included financial highlights: the governmental funds ended the fiscal year with a general fund balance of about $40,700,000, with approximately $24,700,000 in unassigned general fund balance available for operations and future budgets. Auditor remarks included that there were no compliance findings in the single-audit testing of federal and state grant programs. "We did issue an unmodified opinion or clean opinion," the audit supervisor said during the presentation. The council voted to accept the audit unanimously.
