During the City Commission Workshop held on March 20, 2025, the City of Sunny Isles Beach received positive news regarding its fiscal health. The meeting featured a presentation of the fiscal year 2023-2024 audit, conducted by CBIZ, which revealed no findings and awarded the city an unmodified opinion—commonly referred to as a "clean opinion." This designation signifies that the financial statements present a fair and accurate representation of the city's financial position.

Nicholas Martin, the senior audit manager from CBIZ, highlighted key aspects of the audit, emphasizing the city's strong financial standing. The unrestricted net position of the city was reported at $61 million, indicating a robust financial health. Additionally, the general fund balance stood at $87.8 million, with 62.9% of that amount classified as unassigned, meaning it is available for future use.

The audit report included a management discussion and analysis section, which provides a comprehensive overview of the city's financial activities and performance compared to the previous year. This section is crucial for understanding the city's financial trajectory and is recommended for review by the commission members.

Moreover, the city underwent a single audit due to the expenditure of over $750,000 in federal grants, which also yielded no compliance issues. This outcome reflects the city's effective management of federal funds and internal controls.

The successful completion of the audit not only underscores the city's financial integrity but also sets a positive tone for future fiscal planning and community investment. The commission expressed gratitude to the finance team for their collaboration throughout the audit process, recognizing the extensive effort required to achieve such favorable results.

As the city moves forward, the implications of this audit will likely influence budgetary decisions and strategic planning, ensuring that Sunny Isles Beach continues to maintain its financial stability and support community needs effectively.