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Auditors give Columbia Borough a clean opinion on 2025 finances
Summary
External auditors from Warren & Ritter presented the 2025 audit, reporting an unmodified (clean) opinion and noting roughly $1.9 million revenue growth and a $2.9 million ending general fund balance; auditors flagged a timing-driven deficit in the capital projects fund.
Z, principal at audit firm Warren & Ritter, told the Columbia Borough Council the borough received an unmodified opinion on its 2025 financial statements — the firm’s highest-level conclusion on an audit. He summarized headline numbers: "an increase of about $1,900,000 in revenues" year over year, expenditures up roughly $1,500,000, and an ending general fund balance of about $2,900,000, a decrease of roughly $300,000 from the prior year.
Z said the capital projects fund showed a deficit tied to timing: loan proceeds and grant receipts arrived after payments were made for projects, and those cash flows will normalize when drawdowns are completed. He also told council there were "no uncorrected misstatements, no disagreements with management, no significant issues discussed, and no significant difficulties encountered during our audit," and offered his contact information for follow-up questions. Councilors thanked auditors and staff for their work during a period of staff transition.
