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External auditor issues clean opinion on Blythewood’s 2024 financial statements; revenue rose on large development permits
Summary
Love Bailey and Associates presented an unmodified opinion on the town’s FY2024 financial statements, reporting about $3 million revenue growth driven mainly by permits tied to Scout Motors and a $370,000 increase in fund balance.
Will Walls, audit manager with Love Bailey and Associates, presented the town’s fiscal year 2024 audit at the Blythewood Town Council meeting and said the firm issued an unmodified (clean) opinion on the financial statements as of June 30, 2024.
Walls said total revenues rose by about $3 million compared with the prior year, driven principally by fees, licenses and permits. He told…
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