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The City of Williamsport's Fiscal Year 2025 audit was completed a few weeks ahead of schedule and shows promise leading into the 2027 budget discussion in November.
Jamie Livermore, city finance director, presented the City Council with the resolution to accept the FY 2025 audit reports prepared by independent auditing firm Maher Duessel.
Last year's city audit being on time and complete with minimal findings and a relatively clean report was encouraging to Councilwoman Liz Miele.
"Congratulations for ending the purgatory of financial uncertainty and doing it three weeks early as the city is not required to have the audit done until Sept. 30," she said.
Livermore termed a minor finding on the city reporting of American Rescue Plan Act funding but it was a challenge related to the reporting portal and not related to spending of the $25.4 million.
"Expenditures are in line," Livermore said.
The auditor noted the 2025 budget to actuals are showing a surplus and that expenditures were down by $900,000 and revenue was up by $2.5 million, she said.
"It does make what was done for 2026 look better," Livermore said. "It should put us in a better position for 2027," she said. Third quarter numbers are not in.
Council President Eric Beiter said the FY 2025 audit gives the city reassurance.
One component of the city auditor that remains concerning, yet again, for council was the incomplete and prior-year backlog of audits looking at Williamsport Parking Authority.
"The elephant in the audit is the parking authority," Beiter said.
He noted how there should be a meeting arranged to see where the authority is at because the auditor mentioned incomplete audits from as early as 2018.
He said it may be a case where the authority remains on its own operating separately or is absorbed by the city.