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City audit issues unmodified opinion; fund position improved but some reserves tightened
Summary
Auditors issued an "unmodified" opinion on Chattahoochee Hills' FY2025 financial statements, reporting net position of $12,847,605 (a $2,438,639 increase). Auditors noted a segregation-of-duties weakness tied to limited finance staffing; management proposed corrective actions.
Ryan Jones of Mauldin & Jenkins presented the fiscal‑year 2025 audit and told council the city received an "unmodified" opinion, meaning the financial statements fairly present the city's position under GAAP.
Jones said the city's net position was $12,847,605 as of June 30, 2025, a $2,438,639 (about 23.43%) increase over the prior year. He reported a modest decline in unrestricted net position from $6,688,205 to $6,427,051 (a decrease of $261,154, roughly 3.9%). Combined ending governmental fund balances were $6,728,199, a decrease of $386,236 (about 5.43%) from the prior year. Jones flagged segregation‑of‑duties as a control deficiency tied to limited finance department staffing; city management has committed to a corrective action plan with prioritized tasks and timelines.
Jones also noted the city levied an 8% lodging (hotel/motel) tax and, under O.C.G.A. 48‑13‑50, taxes at or above 5% must be expended or obligated for tourism promotion. For FY2025 the city received $486,112 in hotel/motel tax and spent $487,562 on promotion. Council members asked staff to continue monitoring fund balances as several capital projects move from planning into bidding.
