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Town treasurer: auditors performed interim testing; income-tax receipts at 98% with final FY26 numbers expected mid-September
5383667 · July 14, 2025
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Summary
The treasurer reported auditors completed interim testing through May, encumbrances were rolled into FY26, and income tax receipts are higher than anticipated — at 98% with one anticipated payment remaining; final fiscal-year 2026 numbers are expected by mid-September.
Leonardtown's treasurer reported to the Town Council on July 24 that outside auditors performed interim testing through May and will return to complete June testing, with final fiscal-year 2026 numbers expected around mid-September.
The treasurer said the meeting packet includes a roll-forward of encumbrances —…
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