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Independent auditors give Amarillo a clean opinion, report nine single‑audit findings and two significant adjustments
Summary
CLA presented the city's Annual Comprehensive Financial Report with an unmodified (clean) opinion, noted nine single‑audit findings including one material noncompliance on an airport grant, and two material audit adjustments; council voted to file the final ACFR after questions about timing and corrective actions.
CLA auditors told council they had issued an unmodified ("clean") opinion on the City of Amarillo's FY2024–25 financial statements but flagged a set of findings in the single‑audit testing of federal and state grants. "CLA has rendered an unmodified opinion or a clean opinion that these financial statements are materially correct," the auditor said, and noted a material noncompliance finding related to airport‑grant asset identification that will produce a qualified opinion on that particular federal program.
Auditors also identified two significant audit adjustments (together about $9 million in recognition of unavailable revenue that will be recognized if received in FY25–26) and a material‑weakness classification tied to recording of certain items. Council members pressed auditors and staff on more regular budget-to-actual reporting and on a corrective-action plan; after an initial tie vote on acceptance, the council approved a motion to file the final audit with the city secretary.
