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Lake Clarke Shores receives clean audit; town fund balance covers about seven months of expenses
Summary
Auditor Christine O'Ran presented a clean financial-statement opinion for fiscal year 2024 and reported the town's unassigned general-fund balance equals about seven months of expenditures, above common benchmarks.
The Town of Lake Clarke Shores received a clean audit opinion for fiscal year 2024, the town’s auditor told the council at its meeting.
Christine O'Ran, the audit partner who oversaw the financial-statement audit, reported that the town’s general-fund revenues increased about $552,000 from the prior year, driven by higher property values, increased interest income, fines and a…
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