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In an audit of the city of Boerne's fiscal year 2024-25 budget, no major findings were identified, showing a positive financial position for the city. The audit was completed by Whitley Penn and presented March 10, being the first time the firm has performed the annual audit required by the city charter.
Breaking it down: Audit Partner Patrick Simmons said the clean opinion given to the city is the highest level of assurance that can be given on a financial statement.
Simmons shared highlights with City Council, including the total governmental fund balance increasing from $71,049,556 to $79,216,780. The total fund balance is comprised of the general fund, debt service fund, capital projects fund and other governmental funds. The general fund, which covers city operations, saw a slight decrease in total fund balance, reducing from $22,321,816 to $21,719,786.
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