The Village of Deerfield on Aug. 18 accepted its annual comprehensive financial report for the year ended Dec. 31, 2024, after auditors from Baker Tilly issued an unmodified (clean) opinion and reported no internal control deficiencies.

Auditor Joe Lightcap told trustees the comprehensive report likely again qualifies for the Certificate of Excellence in Financial Reporting and recommended trustees review the management’s discussion and analysis for an accessible summary of the year’s results.

Finance staff and the auditor highlighted several fiscal items: the village’s combined governmental fund balance rose by about $437,000 despite roughly $7 million in capital spending (including motor fuel tax road work and transfers to sewer funds); proprietary funds (water, sewer and commuter parking) increased by about $1.1 million with approximately $4.7 million in internal service fund contributions; and the police pension fund grew by about $4 million and stood at about 88% funded. The village also retired $2,630,000 in general obligation debt during the year and did not issue new debt.

The audit letter to the board contained required communications on audit responsibilities and significant estimates and reported no difficulties with management or internal control findings. The board noted the village’s AAA bond rating and its relatively low long‑term debt burden (reported as 3.23% of 2023 equalized assessed value).

Trustees voted to accept the audit and report; the roll call recorded all trustees present voting yes.