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Auditor issues clean opinion on Hilton Head Island FY24 finances; single finding for OPEB disclosed
Summary
Independent auditors issued an unmodified opinion on the town's fiscal year 2024 financial statements, saying town finances are in healthy condition. Auditors reported one finding: an other post-employment benefits (OPEB) plan liability of about $3.7 million that had not previously been on the town's government-wide statements.
Trey Scott, a partner with Mauldin & Jenkins, told the Town Council on Jan. 14 that the firm issued an unmodified—"clean"—opinion on the town's comprehensive annual financial report for fiscal year 2024, meaning the statements "present fairly the financial position and the results of the town's operations" in accordance with generally accepted accounting principles.
The auditors noted one finding in their compliance work: the town had not previously reported an other…
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