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City receives clean FY25 audit, auditor reports 4.4 months of reserves
Summary
Independent auditor Singleton Clark delivered an unmodified (clean) FY25 opinion with no findings, no recommendations, and no audit adjustments; staff reported about 4.4 months of general fund reserves and a $450,000 transfer to capital reserve.
Singleton Clark’s Robert Gitoka presented the fiscal year 2025 audit to council, reporting an unmodified (clean) opinion and no findings, recommendations, or audit adjustments. Gitoka said the city's average monthly general fund expenditures were about $1,680,000, translating to roughly 4.4 months of reserves. "The technical term for this type of opinion received for the year is unmodified... we often rely on the common term, which is clean," he said.
Council praised the finance staff for consistent performance; the mayor and councilmembers noted consecutive clean audits help the city's fiscal reputation and may support bond rating discussions. Council unanimously moved to accept the audit as presented. Staff and council agreed to post the report to the finance page on the city website and to consider a press release recognizing the finance department's work.
