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Addison auditors issue clean opinion; village reports $4.2 million ARPA recorded in FY24
Summary
Auditors Sikich issued a clean, unmodified opinion on the Village of Addison's FY2024 financial statements and single audit, and village staff reported a $4.2 million American Rescue Plan Act amount recorded in the Water/Sewer fund for FY24.
The Village of Addison received a clean, unmodified audit opinion for fiscal year 2024, auditors and village staff told trustees at the Oct. 21 combined committee meeting. Bradley Johnson of Sikich, the engagement manager on the audit, said the firm found the village's financial statements presented fairly "in all material respects" and identified no material weaknesses or instances of noncompliance in either the financial statements or the single audit of federal expenditures.
Village staff and the presenter highlighted several key financial…
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