What: External audit of the city's 2025 financial statements and federal single audit.
Where it stands: Clean opinion on the financial statements and on federal compliance, with one significant deficiency in subaward reporting for CDBG and HOPWA. General fund balance about $205M (about $93M unassigned). The auditor recommended improving audit timing.
Next: The internal auditor's report is expected at a January committee meeting.
Sources
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