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Council accepts FY 2023–24 annual audit; auditors issue clean opinion, note limited documentation weaknesses
Summary
The town’s auditors issued an unmodified (clean) opinion for the fiscal year ending Sept. 30, 2024; council accepted the annual comprehensive financial report. Auditors reported one significant deficiency: missing supporting vendor documentation for 6 of 40 disbursements tested.
The Town of Argyle accepted the audited annual comprehensive financial report for the fiscal year ending Sept. 30, 2024, at its June 16 meeting. Auditors from Veil & Park, P.C. (presented by Mike Vail) issued an unmodified opinion on the financial statements and provided a separate report on internal control and compliance performed under Government Auditing Standards.
Auditors reviewed the town’s financial statements and internal controls under generally accepted auditing standards and the Government Auditing Standards (Yellow Book). They said total government-wide revenues declined about $470,000 (3.8%) from 2023 to 2024, primarily because…
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