CITY'S FINANCIAL REPORT, INDEPENDENT AUDIT RESULTS IN ZERO FINDINGS

(March 17, 2026)

MIDLAND, TEXAS -- For the third straight year, the City of Midland reported no findings as a result of the annual audit.

The City’s FY2025 Annual Comprehensive Financial Report (ACFR) and independent audit resulted in an unmodified (clean) opinion with zero findings, marking the third consecutive year the City has achieved this outcome,” Finance Director Christy Weakland reported.

Weakland added, the annual audit showed the City’s commitment to:

• Continued strong internal controls and financial oversight,
• Reinforcement of Council’s governance and stewardship of public funds,
• Commitment to transparency and accurate financial reporting,
• Positive signal to bond rating agencies, investors, and the public,
• Demonstrates organizational discipline across departments.

“Three consecutive clean audits say a lot about how the City operates,” Midland Mayor Lori Blong said. “We’ve built a culture of excellence and treat every taxpayer dollar with transparent oversight, disciplined spending, and accountability at every level. 

“I’m so thankful for the hard work and diligence of our accounting staff team.”

The annual audit results act as a “clean bill of financial health for the City” as the City officials are managing finances and operations in compliance with applicable laws, regulations and accounting standards.

Weakland also stated that sound governance and fiscal management are in line with the City of Midland’s Strategic Plan – Goal 5.7, which calls for ensuring continued financial stability and accountability and maintaining financial transparency.

Weakland previously has stated that 2024 report of “no findings” report was the city’s first in more than 20 years.

“It helps maintain strong financial ratings,” City officials reported.