Virginia Beach FY25 audit: auditors give unmodified opinion as city reports $1.8 billion cash and $4.7 billion net position Auditors issued a clean (unmodified) opinion on Virginia Beach’s FY25 financial statements; the city reported roughly $1.8 billion in cash, $5.3 billion in capital assets and a $4.7 billion net position, and staff said the single (federal) audit is still in process.

Virginia Beach's latest financial audit reveals a stunning $1.8 billion cash reserve and a robust $4.7 billion net position, all while receiving a clean opinion from auditors!

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