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Finance committee: auditors issue clean opinion; council approves tax-correction refunds and chargeback appropriation
Summary
Baker Tilly presented an unmodified (clean) opinion on the City of West Bend’s 2024 financial statements, while the finance committee and common council approved several tax-correction refunds and a resolution to appropriate chargeback revenues to offset erroneous tax refunds.
The City of West Bend’s finance committee received the city auditor’s 2024 presentation June 16, during which Baker Tilly principal Andrea Jansen said auditors issued an unmodified (clean) opinion on the city’s 2024 financial statements while noting a new GASB accounting standard and a material weakness in internal control reporting tied to auditors assisting with financial statement preparation.
Jansen said the city’s general fund reported a total fund balance just under $14 million at year-end, with an…
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