Perry's fiscal 2025 audit: two findings, including fund balance over the allowable limit

Perry's auditor reported two findings on the city's fiscal 2025 finances, according to minutes of the Feb. 12, 2026 City Council meeting, where the audited report was presented. ^[1][3]

The minutes record that the auditor "issued an unqualified opinion (the highest opinion possible) on the financial statements." ^[1]

The findings

The first finding, as summarized in the minutes: "The city exceeded the allowable fund balance after adjustments were made, similar to last year's finding." ^[1]

The second: "The June investment reporting to the state incorrectly used December's figures." ^[1]

"Mr. Palmer explained that neither finding was a major concern," the minutes state. The minutes also record that the city's unrestricted net position was $7,400,000, up from $6,600,000 the year before. ^[1]

The mayor's figure

In the State of the City report at the same meeting, the mayor said the General Fund balance "currently stands at $1,100,000 or 23.4% (well within the 35% requirement)," according to the minutes. ^[1]

The city's fiscal 2024 audited report showed a General Fund balance of $3,610,074 at June 30, 2024, of which $2,287,050 was unassigned. ^[2]

The vote

Council Member Wright moved "to acknowledge receipt of the audited Fiscal Year 2025 Financial report," and Council Member Tueller seconded. The motion passed 5-0, with Walker, Wright, Tueller, Young and Ostler voting yes. ^[1]