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Augusta accepts 2025 audit; auditors issue unmodified opinion and note minor recommendations
Summary
City auditor issued an unmodified opinion on the city's financial statements for year ended Dec. 31, 2025, reporting $36.3M in ending cash and three management letter recommendations (outstanding checks, a retroactive statutory bond on a Sourcewell contract, and a handful of missing receipts/limited sales-tax errors). Council accepted the audit by voice vote.
The city's independent auditor presented the results of the 2025 financial audit and issued an unmodified opinion on the financial statements for the year ended Dec. 31, 2025.
"You'll see an italicized heading called unmodified opinion on regulatory basis of accounting," the auditor said while reviewing the report, and he told council the opinion reflects a clean audit. The auditor reported the city had roughly $36,300,000 in ending cash, a slight increase from the prior year.
The auditor also described three management-letter items the audit flagged as controlled-efficiency recommendations rather than material weaknesses: (1) four outstanding checks that staff had reissued and eventually wrote off; (2) a retroactive statutory bond on a Sourcewell contract that the vendor agreed to issue to bring the project into compliance; and (3) several credit-card transactions lacking receipts or charged sales tax improperly, with amounts the auditor described as under a few hundred dollars and "less than 500" in total for those items.
Councilors asked questions about fraud indicators and card controls; the auditor said he saw no evidence of fraud and categorized the findings as routine, controllable items. A council member moved to accept the 2025 audited financial statements and the council approved the motion by voice vote.
