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Finance director: city in good financial position; a few audit items remain
Summary
Finance Director Brown told council the city is in a good financial position and said auditors reported six remaining items in the audit process (four already completed); she expects to finish FY25 closeout in a month or two.
Finance Director Brown updated the council on the city's year-end financial report and the audit process, saying the city is "definitely in a good financial position." Brown told the council auditors identified six remaining items to complete in the audit process and that four of those items have already been completed. She said she hopes to finish the outstanding items within a month or two so auditors can begin financial-statement work.
Brown framed the timeline as aiming to have fiscal year 2025 reporting finished before the auditors' busy season in September and October so the city can prepare for fiscal year 2026 statements by the following March or April. Councilors thanked Brown for the update and offered no substantive follow-up questions during the meeting.
