Nick Bob, a partner at Sikich, told the Tinley Park Committee of the Whole that Sikich issued an unmodified opinion on the village's financial statements as of April 30, 2025, meaning the firm found no material misstatement.

The audit also triggered a federal single audit because the village spent $2,400,000 in federal grant funds during the year, the auditor said. Sikich tested compliance for grants that exceeded the $750,000 federal threshold and reported no instances of noncompliance or questioned costs tied to those grants.

Why it matters: An unmodified opinion is the highest standard auditors issue for municipal financial statements and indicates the statements are reliable for readers assessing the village's financial position. The clean single-audit result means the village met federal compliance requirements for the programs tested.

Sikich told the board the $2.4 million largely reflected American Rescue Plan Act funds spent down in FY2025 and about $500,000 in funds spent as a Cook County subrecipient for a specific program. The auditor said those dollars were used on the EOC project and the Post 13 lift-station improvement project. The firm also noted the report was finalized within the state's allowed window and thanked Hannah from the finance department for assistance during the audit.

“We issued an unmodified opinion,” Sikich partner Nick Bob said, calling it “a clean opinion” on the village's financial statements. He added, “we didn't identify any instances of noncompliance or question costs” during the single-audit testing.

The auditor also noted this was the first audit year that integrated the village's new BSNA system into audit procedures; he said the integration proceeded on schedule. The presentation ended with the board offering thanks and no follow-up questions.

The Committee received the audit presentation and moved on to the next agenda items; no formal action on the audit report was recorded in the Committee of the Whole transcript.