Independent Auditor's Report City of Buckeye 25.pdf

Independent Auditor’s Report 
 
 
Honorable Mayor and Members of the City Council 
City of Buckeye, Arizona 
 
Report on Audit of Financial Statements 
 
Opinions 
We have audited the accompanying financial statements of the governmental activities, the business‐type activities, each 
major fund, and the aggregate remaining fund information of City of Buckeye, Arizona (City), as of and for the year ended 
June 30, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial 
statements as listed in the table of contents. 
 
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial 
position of the governmental activities, the business‐type activities, each major fund, and the aggregate remaining fund 
information of the City of Buckeye, Arizona, as of June 30, 2025, and the respective changes in financial position and, 
where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted 
in the United States of America. 
 
Basis for Opinions 
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the 
standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General 
of the United States. Our responsibilities under those standards are further described in the Auditor's Responsibilities for 
the Audit of the Financial Statements section of our report. We are required to be independent of City of Buckeye, Arizona, 
and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. 
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 
 
Change in Accounting Principle  
As described in Note 1 to the financial statements, the City implemented the provisions of GASB Statement No. 101, 
Compensated Absences, for the year ended June 30, 2025. Our opinion is not modified with respect to this matter. 
 
Responsibilities of Management for the Financial Statements 
Management is responsible for the preparation and fair presentation of the financial statements in accordance with 
accounting  principles  generally  accepted  in  the  United  States  of  America,  and  for  the  design,  implementation,  and 
maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from 
material misstatement, whether due to fraud or error. 
 
In  preparing  the  financial  statements,  management  is  required  to  evaluate  whether  there  are  conditions  or  events, 
considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for one 
year beyond the financial statement date, including any currently known information that may raise substantial doubt 
shortly thereafter.

Auditor's Responsibilities for the Audit of the Financial Statements 
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from 
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinions. 
Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an 
audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will 
always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from 
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, 
misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial 
likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the 
financial statements. In performing an audit in accordance with generally accepted auditing standards and Government 
Auditing Standards, we: 
 
• 
Exercise professional judgment and maintain professional skepticism throughout the audit. 
• 
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, 
and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test 
basis, evidence regarding the amounts and disclosures in the financial statements. 
• 
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are 
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the 
City’s internal control. Accordingly, no such opinion is expressed. 
• 
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting 
estimates made by management, as well as evaluate the overall presentation of the financial statements. 
• 
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise 
substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time. 
 
We are required to communicate with those charged with governance regarding, among other matters, the planned scope 
and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the 
audit. 
 
Other Matters 
Required Supplementary Information 
Accounting principles generally accepted in the United States of America require that the Management’s Discussion and 
Analysis, budgetary comparison information, and net pension liability information, as listed in the table of contents, be 
presented to supplement the basic financial statements. Such information is the responsibility of management and, 
although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who 
considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate 
operational, economic, or historical context. We have applied certain limited procedures to the required supplementary 
information in accordance with auditing standards generally accepted in the United States of America, which consisted of 
inquiries of management about the methods of preparing the information and comparing the information for consistency 
with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during 
our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information 
because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 
 
Supplementary Information 
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the 
City’s basic financial statements. The Combining and Individual Fund Financial Statements and Schedules and Other 
Supplementary Information are presented for purposes of additional analysis and are not a required part of the basic 
financial statements.   
 
Such information is the responsibility of management and was derived from and relates directly to the underlying 
accounting and other records used to prepare the basic financial statements. Such information has been subjected to the 
auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including 
comparing and reconciling such information directly to the underlying accounting and other records used to prepare the 
basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance 
with auditing standards generally accepted in the United States of America. In our opinion, the Combining and Individual 
Fund Financial Statements and Schedules and Other Supplementary Information is fairly stated in all material respects in 
relation to the basic financial statements as a whole.

Other Information 
Management is responsible for the other information included in the annual report. The other information comprises the 
Introductory Section and Statistical Section but does not include the basic financial statements and our auditor’s report 
thereon. Our opinions on the basic financial statements do not cover the other information and we do not express an 
opinion or any form of assurance thereon.  
 
In connection with our audit of the basic financial statements, our responsibility is to read the other information and 
consider whether a material inconsistency exists between the other information and the basic financial statements, or 
the other information otherwise appears to be materially misstated. If, based on other work performed, we conclude that 
an uncorrected material misstatement of the other information exists, we are required to describe it in our report. 
 
Other Reporting Required by Government Auditing Standards 
In accordance with Government Auditing Standards, we have also issued our report dated December 19, 2025, on our 
consideration of City of Buckeye, Arizona’s internal control over financial reporting and on our tests of its compliance with 
certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is 
solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of 
that testing, and not to provide an opinion on the effectiveness of the City of Buckeye, Arizona’s internal control over 
financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government 
Auditing Standards in considering City of Buckeye, Arizona’s internal control over financial reporting and compliance. 
 
 
 
 
Heinfeld, Meech & Co., P.C. 
Scottsdale, Arizona 
December 19, 2025