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Vernon Hills gets clean audit and GFOA recognition; general fund reported at ~160% of annual expenses
Summary
Selden Fox audit partner Ed Tracy reported no material audit adjustments or internal control exceptions and positive fund results; the village received the GFOA Certificate of Achievement for the fiscal year ended April 30, 2023 (21st consecutive year).
Selden Fox audit partner Ed Tracy presented the village’s annual audit work and told trustees the audit went smoothly, with no material adjustments required and no exceptions found in the firm’s internal control testing. "This year, we did not have any adjustments," Tracy said, and added that the auditors did not identify control weaknesses requiring recommendations.
Tracy summari…
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