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Northlake audit finds clean opinion for 2024; town balance and reserves rise
Summary
Auditors gave the Town of Northlake an unmodified (clean) opinion on its 2024 financial statements and reported a rise in net position and strong unrestricted fund balances, the council heard at its May 22 meeting.
Auditors told the NorthlakeTown Council on May 22 that the town’s 2024 financial statements received an unmodified — or “clean” — opinion and that the town’s net position increased for the year. The presentation was given by Austin Henderson of audit firm Brooks & Watson.
The clean opinion means the auditor did not identify material misstatements in the town’s financial statements. “Unmodified is the highest level of assurance that we can give,” Austin Henderson said during the presentation. The town’s ending net position for 2024 was reported at about $128 million, with unrestricted net…
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