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Independent auditor gives South Berwick a clean opinion for fiscal year ending June 30, 2024
Summary
An independent audit presented to the South Berwick Town Council found the town's financial statements materially correct and issued an unmodified (clean) opinion for the year ended June 30, 2024; auditors recommended one advisory update to procurement language.
An independent auditor told the South Berwick Town Council the town's financial statements received an unmodified (clean) opinion for the year ended June 30, 2024, meaning the statements are materially correct in accordance with generally accepted accounting principles. Auditor: the financial statements are materially correct.
The auditor said fieldwork began in late September, draft reports were circulated in November and final reports issued earlier in December. The presentation to the council highlighted that the town's total government-wide net position rose about $1.7 million and unrestricted net position increased about $400,000. At the fund level, the…
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