McKinney audit: external auditors issue clean opinion; compensated-absences restatement disclosed External auditors told the McKinney City Council they issued an unmodified opinion on the city's FY2025 financial statements and federal/state single audits, reported no proposed audit adjustments or suspected fraud, and noted a restatement adding $603,000 to the city's liabilities and $61,000 to component units related to compensated absences.

The McKinney City Council received great news from auditors: a clean bill of financial health with no issues reported, though a recent standard adjustment added significant liabilities.

Get the details!

#McKinneyCollinCounty #TX #McKinneyAudit #CivicAccountability #CitizenPortal