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Town of Lexington receives clean audit and reports $27.1 million net-position increase for fiscal year 2024
Summary
An independent audit presented Feb. 3 reported an unmodified opinion for Lexington and a $27.1 million increase in net position to about $198 million, driven by water/sewer revenues, investment earnings, business licenses and grants, officials said.
Kendra Vandross, CPA of the Brittingham Group, told the Lexington Town Council on Feb. 3 that the firm issued an unmodified (clean) opinion on the town’s 2024 annual financial report and found no internal-control findings.
Vandross said the town’s net position increased to about $198 million at June 30, 2024, an increase of approximately $27.1 million from 2023. She attributed the…
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