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City accepts clean FY2025 audit; no findings on federal awards or state compliance
Summary
Council accepted Larson & Company’s FY2025 audited financial statements, which included an unmodified opinion on financial statements, an unmodified Single Audit for federal awards, and no findings on state compliance; the acceptance was unanimous.
Finance Director Anna Montoya introduced Larson & Company auditor Khulene Gallo, who reported the City received an unmodified opinion on its FY2025 financial statements and an unmodified Single Audit opinion on federal-award compliance. Gallo said the audit process found no financial statement findings, no federal award findings, and no questioned costs.
"Larson & Company issued an unmodified opinion," Gallo stated, summarizing the auditor’s conclusion that there were no material deviations in the financial statements. Montoya thanked staff and the Internal Audit Committee for their oversight. Council Member Ernie John and Mayor Frost both commended staff for the clean audit; Council then voted to accept the audited financial statements unanimously.
Council members also noted that strong internal controls reduced the need for expanded testing and that prior-year PARC Tax control issues appear corrected, which the subsequent PARC Tax presentation confirmed.
