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West Point accepts FY2025 financial audit with no findings; net position tops $106M
Summary
Administrative Services Director Ryan Harvey presented the FY2025 audit and reported no findings. He said the City's net position rose to over $106 million, fund balances increased about $2 million, sales tax revenue reached nearly $2.6 million, and roughly $650,000 was transferred to capital projects.
Ryan Harvey, Administrative Services Director, presented the FY2025 financial audit conducted by Ulrich & Associates and thanked City Treasurer Megan Mills and the auditing team. He said he is “happy to report that the FY25 Audit resulted in no findings,” and noted that staff received one recommendation to clear outstanding checks older than one year and will work through the State's unclaimed property process to resolve those items.
Harvey provided a high‑level financial overview: the City’s net position increased to over $106 million, fund balances increased approximately $2 million, about $650,000 was transferred to the Capital Projects Fund, and sales tax revenues totaled nearly $2.6 million for the fiscal year. Council members congratulated staff on the clean audit and unanimously voted to accept the audit.
