Commerce City Development News

City Receives Unmodified Opinion on 2025 Comprehensive Financial Report

Plant Moran presented the city's comprehensive annual financial report for 2025, highlighting an unmodified opinion on the financial statements, indicating compliance with regulations. Key changes included the elimination of the Special Improvement Districts Fund and reclassification of the Solid Waste Management Fund. The report detailed trends in total net position, which increased by $73.7 million due to higher revenues (service-related revenue, grants, sales tax) than expenses (core city services). The general fund balance also increased by approximately $8.7 million. The audit identified no unusual accounting practices, timing issues, or disagreements with management. A single audit for federal awards also resulted in an unmodified opinion with no findings. Council members expressed appreciation for the sound fiscal management and the city's strong financial position, with discussions also touching on publicizing these achievements and the city's financial awards.