Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
External auditor gives Cedar Park an unmodified FY2025 financial opinion
Summary
Weaver & Tidwell reported an unmodified (clean) opinion on Cedar Park’s FY2025 financial statements, with no material weaknesses or significant deficiencies and no federal compliance findings in the single-audit review; the auditor noted ARPA/SLFRF remained in scope and discussed the compensated‑absences standard change.
Weaver & Tidwell presented the results of the City of Cedar Park's fiscal year 2025 financial statement audit during the March 26 meeting and reported a clean, unmodified opinion.
Rebecca Darling, the city’s external audit partner, told council the firm did not identify any material weaknesses, significant deficiencies, or disagreements with management and did not note any compliance findings for the federal awards tested in the single audit. She summarized required communications, said the audit provides "reasonable but not absolute assurance" and listed higher-risk areas auditors typically focus on, including utility revenue recognition and management override of controls.
Darling also noted implementation of a new accounting pronouncement affecting compensated absences increased the related liability and is disclosed in the financial statements. Council members and the finance director thanked the audit team and praised the finance staff for achieving an unmodified opinion.
