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Euless audit: independent auditor gives 'unmodified' opinion, general fund rises to $29.9 million
Summary
An external audit presented to the Euless City Council found the city's 2025 financial statements to be fairly presented with an unmodified opinion and no material weaknesses; ARPA compliance also received a clean opinion after roughly $3.1 million in expenditures.
Sarah Dempsey, partner in charge at Weaver and Tidwell, presented the city's annual external audit and told the City Council the audit yielded an unmodified (clean) opinion on the 2025 financial statements.
"The city has received an unmodified opinion over its financial statements," Dempsey said, adding the auditors found no material weaknesses or significant deficiencies in internal control and issued an unmodified opinion on compliance for the major federal program (ARPA) after about $3,100,000 in expenditures.
Dempsey walked the council through key fund balances: the general fund ended the year with a $29,900,000 fund balance (an increase of $6,600,000); other governmental funds had an ending balance of $75,000,000 (a decrease of $18,000,000, largely attributed to ongoing capital projects); the Water and Wastewater Fund's net position was $87,900,000 (an increase of $7,700,000); and other enterprise funds showed a net position of $30,700,000 (an increase of $2,300,000).
The auditor said there were no material audit adjustments and that the audit team received full cooperation from city departments. After the presentation the council had the opportunity to ask questions; the council accepted the report as presented and the auditor remained available for follow-up.
