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Huachuca City Council accepts clean audit for 2024-25 fiscal year
Summary
External auditor Jennifer Frank told the Huachuca City Council it received an unmodified (clean) opinion for fiscal year 2024-25; the council unanimously accepted the audit and heard that net position rose and that Fort Huachuca contracts accounted for much of the revenue increase.
Jennifer Frank, the town's external auditor, reported an unmodified (clean) opinion on the Town of Huachuca City's financial statements for the fiscal year ending June 30, 2025, and told the council there were no material weaknesses or significant deficiencies.
Frank said the town's combined net position was about $12.3 million to $12.4 million at year-end and reported a net position increase of 330,333 during the year. She highlighted that governmental fund balances rose while the town's business-type (utility) activities decreased by about 211,000, and that capital assets increased by roughly $3 million largely because of the Skyline project. Frank attributed the largest revenue gains to Fort Huachuca contracts: "The largest increase was the charges for services of 511,000 and Suzanne, correct me if I'm wrong, but those are the Fort Huachuca contracts," she said.
Mayor Johann R. Wallace thanked department heads and staff for careful stewardship of public funds and called the audit "a good audit. There are a few things there, but it's a good audit. It's actually an excellent audit." On a motion by Mayor Wallace, seconded by Councilmember Christy Hirshberg, the council voted unanimously to accept the audit.
Why it matters: A clean audit with no material weaknesses signals that Huachuca City's financial statements are reliable and that internal controls met the auditors' standards. The council will monitor enterprise fund trends, particularly the landfill's capital and post-closure liabilities and utility fund cash-flow coverage.
What comes next: The audit will remain on file with the town; council discussion emphasized the need to continue setting aside funds for future capital requirements and monitoring proprietary fund cash flows.
