City receives clean FY2025 audit; finances are accurate, transparent
Published on March 24, 2026
For the third year in a row, the City of Gainesville has received a clean financial audit from external auditor Purvis, Gray & Company. The city’s Department of Financial Services completed the Fiscal Year 2025 Annual Comprehensive Financial Report (ACFR) on schedule with no findings, marking another year of accurate, transparent financial reporting and continued progress in strengthening the city’s financial foundation.
This three-year milestone is an important accomplishment for the city, which between 2018 and 2022 struggled with reporting challenges and delays. City leaders responded by strategically hiring experienced staff to support and enhance the Department of Financial Services while simultaneously refining internal processes and improving coordination across departments. These changes have resulted in a pattern of reporting that now consistently meets the highest governmental standards.
“This is the pattern we wished to achieve, and I think we’re finally there,” said Department of Financial Services Director Dennis Nguyen. “Over the past three years, our team has focused on strong oversight and accountability in our financial practices and we’re seeing the results of that work as we continue to receive, year after year, these clean independent audits.”
Annual audits are an important measure of a city’s performance. They provide an objective, third-party review of how the organization tracks, spends and safeguards its resources. For local governments, this level of scrutiny is a critical part of responsible financial management. It helps identify opportunities for improvement, reinforces strong operational practices and supports informed decision-making by city leaders as they plan for future investments and community needs.
“Today’s news is the result of collaboration and hard work across all city departments,” said Interim City Manager Andrew Persons. “This independent audit report shows that Gainesville continues to meet the most rigorous standards for managing taxpayer dollars as our city grows and faces new challenges.”
The Fiscal Year 2025 ACFR was presented to the City Audit Committee on March 24 and will be considered by the Gainesville City Commission on March 26, where it is expected to be approved.