An independent audit found the city's FY2025 financial statements fairly present its financial position, with assets exceeding liabilities by about $22.5 million.
October 3, 2025: FY2025 citywide net position
The story
An independent auditor issued an opinion on the City of Royston's basic financial statements for fiscal year 2025, stating the statements present fairly, in all material respects, the city's financial position.
The audit reports that as of June 30, 2025, the city's assets exceeded its liabilities by $22,455,081, reported as net position.
What happened
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the financial statements referred to above present fairly, in all material respects, the respective financial position
The City of Royston’s assets exceeded its liabilities at June 30, 2025 by $22,455,081 (reported as net position)
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