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Auditor issues clean opinion; Round Lake Beach sees $7.5M net position increase
Summary
Sikich issued an unmodified opinion on the Village of Round Lake Beachs FY2025 financial statements. The audit shows a $7.5 million increase in net position, general fund unassigned balance at 93% of budgeted revenues, IMRF 97.5% funded and police pension about 71% funded.
The Village of Round Lake Beachs auditors provided a clean audit opinion for fiscal year ending April 30, 2025, and the board formally acknowledged receipt of the villages Annual Comprehensive Financial Report (ACFR) and auditor communications on Nov. 17.
Tom Sawicki of Sikich LLP told the board the firm issued an unmodified (clean) opinion on the villages…
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