Chaska Achieves Clean Audit, Highlights Strong Financial Standing in 2025 ACFR
The city's Annual Comprehensive Financial Report presentation revealed a successful audit, stable bond rating, and growing reliance on enterprise funds for municipal operations.
Chaska received an unqualified, or 'clean,' audit opinion for its 2025 fiscal year, a key highlight of the Annual Comprehensive Financial Report (ACFR) presented at the July 20, 2026 City Council Meeting. The report showcased the city's robust financial health, characterized by a maintained AA bond rating and the increasing significance of enterprise funds in supporting municipal operations amid ongoing growth.
The independent audit, conducted by Clifton Larson Allen (CLA), affirmed the accuracy and fairness of Chaska's financial records. Ezra Kitz, representing CLA, presented the audit findings, confirming the city's compliance with financial reporting standards.
These financial statements present fairly in all material respects the respect of financial position of the city of Chaska as of December 31st, 2025.
Key Financial Highlights and Trends
Despite increased debt incurred to fund community growth and various development projects, Chaska has successfully maintained its strong AA bond rating. This stability is critical for the city's ability to borrow funds at favorable rates for future infrastructure and community investments.
Chaska's commitment to fiscal responsibility is reflected in this clean audit and the maintenance of our AA bond rating, even as we responsibly manage increased debt to support our growing community.
Other Topics from This Document
Adoption of the agenda
Approval of June 29, 2026 meeting minutes
Consent items (Cannabis retail license)
Independent audit findings for 2025 fiscal year
Fire Relief Association financial report
Debt issuance and bond rating status
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