The city of Independence recently completed its annual independent financial audit. The report helps ensure transparency and accountability in how public funds are managed. Here are several key takeaways:

Independent auditors issued a clean opinion

  • The city received a clean audit opinion, meaning financial statements were found to be accurate and prepared according to government accounting standards.

City debt continues to decline

  • The city reduced its outstanding debt by about $1.2 million this year through scheduled payments.

Grant funding helped support major community projects

  • Capital grants increased by about $3.75 million, helping fund infrastructure and community improvements.

New public safety fee supports police services

  • The public safety fee generated about $480,000, helping stabilize funding for police services.

Continued investment in community infrastructure

  • Infrastructure investment increased by about $2.6 million, bringing the value of city assets like roads, parks, buildings, and water and sewer systems to roughly $50 million. 

Financial challenges remain ahead

  • Like many communities, Independence continues to face rising costs for infrastructure, utilities, and public safety services, making long-term planning essential.

You can read the full report here: https://www.ci.independence.or.us/wp-content/uploads/2026/03/06-30-25-City-of-Independence-Financial-Statements-w-Supp.pdf