FY2025 Audit Results and City Finances
Summary
Clean audit across the board: unmodified opinion, no findings, positive net position everywhere, and a 28.7% fund balance — down from 45% because of hurricanes and slow FEMA reimbursements, but still healthy.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Aug 6, 2026.
Impact analysis
Fund balance fell from 45.1% to 28.7% due to 2024 hurricane costs and delayed FEMA reimbursement; revenues came in about $2 million above budget.
All residents benefit from the city's strong, clean-audited financial position.
Future-year budgets may require service reductions or revenue increases.
Mentions & discussions (2)
CITY COMMISSION (Regular) - Aug 6, 2026
Clean audit across the board: unmodified opinion, no findings, positive net position everywhere, and a 28.7% fund balance — down from 45% because of hurricanes and slow FEMA reimbursements, but still healthy.
BUDGET WORKSHOP - Aug 4, 2026
Even with the millage held at 4.1345 since 2016, the city projects a $5.35 million shortfall between FY28 and FY32 — service cuts, new revenue, or both will be needed.
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