Auditor reports no compliance findings; Monona general fund balance about $3.4M

Amber, partner in charge from audit firm CLA, presented the city’s 2025 financial audit and told council auditors found no compliance issues or reportable findings. She summarized fund balances and recommended several management enhancements related to internal controls, including journal entry approval processes and updates to documented policies and procedures.

On fund balances, Amber said "the general fund in total has about 3.4 million in uh fund balance," and noted the general capital projects fund held roughly $2.2 million with some unspent bond proceeds. She advised the council to monitor enterprise fund cash flows for water, sewer and storm utilities over a 3–5 year horizon and to align rate‑setting with the capital improvement plan to ensure operations cover principal, interest and capital needs.