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Wilmington Township trustees accept clean FY2025 audit and treasurer—s report
Summary
The Wilmington Township Board of Trustees accepted the fiscal year 2025 independent audit and the annual treasurer—s report at its Aug. 25 meeting; the auditor issued an unmodified opinion and found no material weaknesses.
Wilmington Township trustees voted to accept the fiscal year 2025 annual financial audit and the annual treasurer—s report during their Aug. 25 meeting.
The township—s outside auditor, Andrew Beasley of Phillips and Associates, told trustees the firm issued an "unmodified opinion on a cash basis, which is a clean report. Nothing really to note." Beasley reported that total assets for the township at March 31, 2025, were $3,985,000, an increase of $150,000 from the prior year. He said $345,000 of those assets are restricted for general assistance, $520,000 are restricted for capital projects and $3,100,000 are unassigned.
Beasley said the cemetery accounted for $1,200,000 in net assets, an increase of $7,600 over the prior year, and that the cemetery also held $300,000 in private trusts at year-end. He reported the township overall was under budget by $1,300,000, with general assistance under budget by $230,000 and the cemetery under budget by $280,000. He also told trustees there were no significant estimates, no difficulties performing the audit, no uncorrected misstatements and no disagreements with management, and that the audit identified no significant deficiencies or material weaknesses in internal control.
A trustee asked whether the cemetery—s revenue increase reflected more burials or higher opening-and-closing fees; Beasley said the increase resulted from revenue exceeding expenditures but that he would need to review detailed records to identify which specific revenue or expense lines caused the change. The audit presentation concluded with Beasley thanking township staff, saying, "I just want to thank Donna and Deb and everybody in their office for all the work that they put into it upfront to help make the audit go smoothly."
The board moved to accept the audit and treasurer—s report; trustees voted with no nays announced.
No follow-up actions or formal internal-control findings were recorded at the meeting; trustees did not direct staff to change accounting practices during the session.
