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Evansville Land Bank accepts 2023 audit; reviews February financials and insurance renewal
Summary
At its March 21 meeting the Evansville Land Bank Corporation reviewed February financial statements, heard its 2023 audit from Kemper CPA Group and voted to accept the audit. Auditors noted a qualified opinion tied to property valuation practices and new investments with German American.
The Evansville Land Bank Corporation reviewed February financial statements and accepted its 2023 audit during the March 21 meeting.
The audit presentation was led by Aubrey Evelyn, an auditor with Kemper CPA Group, who told the board the firm issued a qualified opinion because the land bank carries properties at cost rather than adjusting them to fair value following disposals or demolition. ‘‘We carry properties at cost as opposed to adjusting them to fair value,’’ Evelyn said, adding that obtaining appraisals can be costly.
Board members discussed routine line…
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