Murfreesboro council receives clean FY25 audit, adopts updated financial policies
February 12, 2026 | City Council Meetings, Murfreesboro City, Rutherford County, Tennessee
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
MURFREESBORO — City auditors from Joe Hastings & Associates presented the City of Murfreesboro’s fiscal year 2025 audit to the council, saying the independent auditors’ report issued a "clean opinion" and that the comprehensive annual financial report and certificate of achievement for excellence in financial reporting were available on the city’s website.
"The report is available on the website," the auditor said, adding the audit has been submitted to the state. He told the council the government‑wide total net position was $1,400,000,000 at June 30, 2025 and that the general fund’s unassigned balance stood at about $121,000,000 — roughly nine months of expenditures.
The council also approved updated city financial policies, last revised in 2016. Finance staff said the revisions add the Murfreesboro Community Investment Trust, set target fund balance recommendations for the airport and risk management funds, and fold purchasing policies into the main financial‑policy document.
Finance staff recommended approval, noting the updates reflect current software, staffing and structural changes in finance and purchasing. A councilmember moved, the motion was seconded and the policies passed by roll call vote.
Why it matters: the audit’s clean opinion indicates no material weaknesses disclosed in the independent auditors’ report, and the sizable unassigned general‑fund balance provides a cushion for short‑term revenue interruptions. The policy updates formalize reserve guidance and procurement practices the city uses across capital and operational projects.
What’s next: the audit and updated policies are now part of the public record on the city’s website; staff will use the new financial policies in budgeting and procurement going forward.
"The report is available on the website," the auditor said, adding the audit has been submitted to the state. He told the council the government‑wide total net position was $1,400,000,000 at June 30, 2025 and that the general fund’s unassigned balance stood at about $121,000,000 — roughly nine months of expenditures.
The council also approved updated city financial policies, last revised in 2016. Finance staff said the revisions add the Murfreesboro Community Investment Trust, set target fund balance recommendations for the airport and risk management funds, and fold purchasing policies into the main financial‑policy document.
Finance staff recommended approval, noting the updates reflect current software, staffing and structural changes in finance and purchasing. A councilmember moved, the motion was seconded and the policies passed by roll call vote.
Why it matters: the audit’s clean opinion indicates no material weaknesses disclosed in the independent auditors’ report, and the sizable unassigned general‑fund balance provides a cushion for short‑term revenue interruptions. The policy updates formalize reserve guidance and procurement practices the city uses across capital and operational projects.
What’s next: the audit and updated policies are now part of the public record on the city’s website; staff will use the new financial policies in budgeting and procurement going forward.
View the Full Meeting & All Its Details
This article offers just a summary. Unlock complete video, transcripts, and insights as a Founder Member.
✓
Watch full, unedited meeting videos
✓
Search every word spoken in unlimited transcripts
✓
AI summaries & real-time alerts (all government levels)
✓
Permanent access to expanding government content
30-day money-back guarantee
