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Auditor presents Princeton fiscal‑year review; board postpones detailed review after packet confusion
Summary
Audit manager Austin Ebanks presented the town’s fiscal‑year audit for year ended June 30, 2024, reporting a $61,579 operating loss in the general fund and an unassigned fund balance of $632,989 (41.24% of expenditures).
Austin Ebanks, audit manager with a Robinson office, presented the fiscal‑year audit for year ended June 30, 2024. He said auditors obtained reasonable assurance the financial statements were free of material error and that management’s estimates and disclosures were reasonable.
Key figures presented by the auditor included total general fund revenues and other financing sources of about $1,555,000 and total expenditures of about $1,616,000, producing a net change (operating loss) of $61,579. The auditor said the town’s unassigned general fund balance was $632,989, which he…
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