The city of Highland Village received an unmodified opinion, the highest possible rating in the annual comprehensive financial report for fiscal year 2024-25, according to an audit from accounting firm Pattillo, Brown & Hill at a March 24 City Council meeting.
Zooming in
The audit showed the city’s unassigned general fund balance, which is uncommitted money the city can use at its discretion, dropped by roughly $700,000, from $9.3 million in FY 2023-24 to about $8.6 million in FY 2024-25.
City policy dictates that the fund balance cover at least 20% of annual general fund expenditures. The $8.6 million fund balance covers about 36% of the city’s $23.6 million in general fund expenditures, surpassing the requirement, according to the audit.
