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Council accepts 2024 audited financial statements; general fund ends year with $12.6 million balance
Summary
The Common Council accepted the 2024 audited financial statements prepared by Baker Tilly US LLP. Auditor issued an unmodified (clean) opinion; the general fund ended 2024 with about $12.6 million in fund balance and higher-than-budgeted investment income.
The Oak Creek Common Council on Aug. 19 accepted the city’s 2024 audited financial statements and the Baker Tilly audit-results report. Wendy Unger, partner at Baker Tilly, presented the audit findings and said the firm issued an unmodified (clean) opinion on the city’s financial statements, the highest level of assurance auditors provide.
Key figures and highlights: The general fund added about $374,000 to fund balance during 2024, ending the year with roughly $12.6 million. The city had budgeted to use about $4.0 million…
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