Stockbridge Receives Clean Financial Audit for 2025 Fiscal Year
News related to:City of Stockbridge · 2 min read
STOCKBRIDGE, Ga., Oct. 2, 2026 /CourierPR/ -- The City of Stockbridge has received an unmodified, or "clean," opinion on its financial statements for the fiscal year ended December 31, 2025, from independent auditor Mauldin & Jenkins LLC. This unmodified opinion, presented during a public meeting on Tuesday, September 29, confirms that the city's financial statements present its financial position fairly, in all material respects, in accordance with generally accepted accounting principles.
The city ended the fiscal year with a General Fund balance of $17.9 million, which equates to approximately 72 percent of annual General Fund expenditures. This balance is well above the minimum of two months of operating expenditures recommended by the Government Finance Officers Association. The increase over the prior year largely reflects reimbursement to the General Fund from SPLOST V for project costs the city paid in earlier years.
The city's total net position stands at $156.0 million, an increase of $14.4 million over the prior year. The unrestricted net position, the resources available to meet the city's ongoing obligations, is $23.7 million, up from $9.3 million the previous year. These figures indicate a significant improvement in the city's overall financial health.
In addition to the clean opinion, the audit identified five material weaknesses in the city's internal controls over financial reporting. These weaknesses concern how transactions were recorded and reconciled at year-end, including receivables and revenue, depreciation, capital assets, interfund activity, and the accounting for and approval of amphitheater expenditures. The auditors made necessary adjustments to ensure the final audited statements are accurate, and the city concurred with each recommendation, providing corrective actions to all five findings.
The complete fiscal year 2025 Annual Comprehensive Financial Report, including the auditor's reports and the city's responses to each finding, is available for download. Stockbridge celebrated 100 years of cityhood in 2020 and continues to strive to be the most progressive business and family-oriented community in Metropolitan Atlanta, with a strong focus on enhancing the quality of life for its residents.