Huachuca City Council accepts clean audit for fiscal year 2024-25, net position rises $330,333

The Huachuca City Council on April 9 accepted the town's financial audit for fiscal year 2024-25 after a presentation by auditor Jennifer Frank.

Jennifer Frank said the town received an unmodified, or clean, opinion across three audit reports and that "there were no material weaknesses or significant deficiencies" identified. She reported the town's combined net position at about $12.3 million and said net position increased by $330,333 during the year. Frank attributed much of the increase in governmental capital assets to the Skyline project and said revenue gains were driven in part by Fort Huachuca contracts that raised charges for services.

The auditor summarized other key figures: governmental activities equity rose $544,000 while business-type (utility) activities decreased by $211,000; long-term debt for governmental activities was about $892,000 and landfill post-closure liability remained a major balance in the enterprise funds. Frank also flagged the importance of setting aside operating cash in proprietary funds to meet future infrastructure needs.

Mayor Johann Wallace praised staff work and thanked department heads, saying the audit reflected "the execution of the staff" and the Council's fiscal direction. The Council voted unanimously to accept the audit after Wallace moved the action and Christy Hirshberg seconded.

What happens next: acceptance places the audit into the public record and does not itself change town policy; the Council and staff will continue monitoring fund balances, capital projects and the landfill's long-term liabilities.