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CliftonLarsonAllen gives Salem Lakes clean audit, general fund at healthy level
Summary
Independent auditors CliftonLarsonAllen issued an unmodified opinion on Salem Lakes' 2024 financial statements and reported a healthy unassigned general fund balance of about 26% of general fund expenditures.
CliftonLarsonAllen LLP told the Village of Salem Lakes board on May 19 that it issued an unmodified (clean) opinion on the village’s 2024 financial statements and found no reportable internal control findings or instances of noncompliance.
Amber Juriske, a principal with CLA, summarized highlights: as of Dec. 31, 2024, the general fund had about $4.2 million in cash available and an…
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