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Mundelein accepts FY2024 audit showing $12.7 million capital investment and clean opinion
Summary
Trustees accepted the villages FY2024 audited financial statements after auditors issued an unmodified (clean) opinion and reported no new management-letter recommendations; the audit showed about $12.7 million in capital investment and roughly $1.7 million increase in bonded debt.
The Village of Mundelein accepted its fiscal year 2024 audited financial statements Tuesday after auditors reported a clean opinion and no new management-letter recommendations.
The audit presentation and the boards subsequent acceptance matter because the independent opinion affects public confidence and the villages financial transparency, and the document includes a 10-year statistical appendix trustees can use in budgeting and long-term planning.
Jamie Wilkie, an auditor with Lauterbach & Amen LLP, told the board the firm issued an "unmodified or clean audit opinion," the highest…
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