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St. Anthony receives clean 2025 financial audit, auditors note minor corrections and one payment-compliance finding
Summary
Redpath presented a clean (unmodified) opinion on St. Anthony's 2025 financial statements but reported three corrections to financial statement line items and one legal-compliance finding related to a Minnesota statute on invoice payment timelines; the Council approved the audit 5-0.
Andy Hering of Redpath reported that Redpath completed the City of St. Anthony's 2025 financial audit on June 24 and issued an unmodified ("clean") opinion on the city's financial statements. Hering said the firm identified three financial-statement corrections—interfund loan balances, salaries payable and prepaid expenses, and an assessment that should be recorded in the debt service fund rather than a capital project fund—but stated all were addressed during the audit process. "We issued an unmodified, or 'clean,' opinion," Hering said.
Hering also reported one legal-compliance finding: two vendor invoices (five invoices total) were not paid within the Minnesota statutory 35-day timeframe. Councilmembers thanked staff for preparing for the audit; Councilmember Nadia Elnagdy moved to approve the 2025 audit, the motion was seconded by Councilmember Thomas Randle, and the Council voted 5-0 to accept the audit. The presentation included an overview of the general fund, water and sewer operations, and the liquor fund. No litigation, disagreements with management, or unresolved audit difficulties were reported.
