Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Sykesville auditor issues clean opinion for fiscal 2023–24; ARPA balance, Warfield note flagged
Summary
The town’s external auditor reported a clean (unmodified) audit opinion for the year ended June 30, 2024, while highlighting an outstanding note receivable tied to the Warfield project and roughly $2 million in unspent ARPA funds that must be obligated before Treasury deadlines.
The town of Sykesville’s external auditor delivered a clean audit opinion for the fiscal year ended June 30, 2024, and reviewed the town’s asset, liability and fund balances at the council’s Dec. 9 meeting.
The auditor said, “In our opinion, the financial statements referred to above present fairly in all material respects,” and walked the council through exhibits that show roughly $17 million in total assets, about $8 million in cash, and a net position a little over $13 million. The auditor also reported total governmental expenses of about $5.4 million for the year and a decrease in net position of about $819,000 on a full-accrual basis, which includes depreciation.
The audit presentation…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
