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Council accepts auditors unmodified opinion; staff flag water/sewer operating loss and project reimbursements
Summary
Auditor Hannah Leskovec presented an unmodified opinion on the town's 2024 financial statements; council accepted the audit and heard staff cite a water and sewer operating net loss and a $2.7 million receivable related to Main Street work.
Blowing Rock Town Council accepted the town's 2024 financial audit after a presentation by Hannah Leskovec of Scott, Adams & Company; auditors issued an unmodified opinion and flagged several required communications and financial-performance indicators of concern.
Leskovec said the audit opinion was unmodified (the highest level of assurance) with a report date of Dec. 23, 2024, and noted the upcoming implementation of GASB 100 affecting prior-period presentation. She pointed council to subsequent events and required communications…
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