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Auditors give Town of Loxahatchee Groves a clean opinion; committee flags legal and engineering shortfalls
Summary
Auditors presented a draft comprehensive financial report for the year ended Sept. 30, 2024, giving an unmodified opinion. Committee members asked staff for a concise quarterly dashboard and flagged likely budget amendments for legal and capital projects.
Andrew Fehrman, the partner in charge of the town audit at Caballero Fehrman Guerra & Garcia, presented a draft annual comprehensive financial report for the fiscal year ended Sept. 30, 2024, saying the auditors expect to issue a final report next week and that the audit carries an unmodified (clean) opinion.
The report showed the town’s total governmental fund balance near $2.5 million at year end, with about $1.85 million unassigned. Fehrman also noted the town’s capital assets total roughly $9.76 million on the financial statements and that the audit identified no material weaknesses or significant deficiencies in internal control.
The committee took up the town’s quarterly and…
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