TO: Mayor and Members of City Council
THRU: Jeffrey Yates, ICMA-CM, Assistant City Manager
FROM: Tiffany Murray, Chief Financial Officer
DATE: February 23, 2026
RE:Title
Presentation of Fiscal Year Ended June 30, 2025 Annual Comprehensive Financial Report and Audit Results
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COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
GOAL V: Financially Sound City Providing Exemplary City Services
Objective A: Ensure strong financial management with fiduciary accountability and plan for future resource sustainability by aligning resources with City priorities.
Executive Summary:
The City completed and submitted it's the Annual Comprehensive Financial Report (ACFR) for the year ended June 30, 2025 on February 12, 2026. The filing was in accordance with Local Government Commission deadlines and compliance requirements.
The City's audit firm, PBMares, will present the report on their audit and financial results for the fiscal year ended June 30, 2025.
Background:
The City Council's audit firm, PBMares, has completed their audit for the fiscal year ended June 30, 2025. Mr. Robbie Bittner, CPA, MBA, partner with PBMares, will present the auditor's report and financial results. The report and attestation results were presented to and approved by the Audit Committee on February 23, 2026.
A copy of the audited financial report will be made available to Council during the meeting.
Issues/Analysis:
Please refer to the FYE 2025 Annual Comprehensive Financial Report (ACFR) for a detailed accounting of the City's financial activity for the fiscal year ended June 30, 2025, and the presentation for summary information.
Budget Impact:
There is no budget impact. This item is for information only.
Options:
1. Receive the report as presented.
2. Do not receive the report as presented.
Recommended Action::Recommended Action
Staff recommends the board receive the report as presented.
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