State review finds no immediate corrections in MWA audit
The fiscal 2025 report shows MWA’s net position increased by $33.3 million, while long-term debt nearly doubled after a bond issuance.
MACON, Georgia (41NBC/WMGT) — The Georgia Department of Audits and Accounts has completed its review of the Macon Water Authority’s fiscal 2025 audit report, and the state found no items requiring immediate correction.
The audit report covers the fiscal year that ended September 30, 2025.
MWA’s financial statements were audited by McNair, McLemore, Middlebrooks & Co., LLC, a Macon-based certified public accounting firm. The independent auditor’s report was dated March 13, 2026.
According to the report, the firm issued an unmodified opinion, saying MWA’s financial statements presented fairly, in all material respects, the authority’s financial position and changes in financial position for the year.
The Georgia Department of Audits and Accounts later reviewed the submitted audit report. In a June 15 letter, the state said it identified no items requiring immediate correction.
According to the annual comprehensive financial report, MWA ended the fiscal year with a net position of $311,739,027, which means its assets exceeded its liabilities by that amount.
The report says MWA’s total net position increased by $33,287,954 during the fiscal year.
The report also shows MWA had $92,785,286 in water and sewer operating revenues and $12,363,772 in stormwater operating revenues.
Operating revenues increased by $13.26 million compared to the previous year. The report says that increase was driven by higher water and sewer rates.
MWA’s total long-term debt increased by $107,534,773, or about 99%, during the fiscal year. According to the report, the increase was tied to $102.71 million in bonds issued in October 2024, with a premium of about $12 million.
The report says MWA serves about 51,799 metered water accounts and about 42,610 wastewater customers.
“We are proud of this outcome because it reflects our commitment to responsible financial management, accountability and transparency,” said Michel Wanna, interim president of the Macon Water Authority. “Making information like this available to the public is an important part of earning and maintaining the trust of the customers we serve.”
Related coverage: Macon Water Authority board member Elaine Lucas calls for grand jury investigation into agency operations and finances