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Village Board accepts 2024 audit, auditors give unmodified opinion
Summary
The Village Board of Trustees accepted the 2024 annual financial report and audit after presentation by the finance director and Selden Fox auditors, who issued an unmodified opinion and noted a $20,859.34 reconciliation variance to be written off in next year’s audit.
The Village Board of Trustees voted to accept the village’s 2024 annual financial report and audit after a presentation by finance staff and auditors on June 17. The board accepted the audit by roll-call vote.
The audit presentation explained that Selden Fox issued an unmodified opinion — the highest form of assurance — and that the audit team found no material weaknesses or significant deficiencies in internal control. Ed Tracy, executive vice president and head of audit practice at Selden Fox, said, “this was by far the cleanest and smoothest stuff that we've had to date.”
The audit showed cash and investments roughly unchanged at about $16.6 million, a…
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