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Auditors give The Village a clean opinion; general fund shows sizable reserves
Summary
Auditors reported a "clean opinion" on The Village's financial statements and no internal-control findings, saying the city holds roughly $4.4 million in unassigned general-fund resources and $17.9 million in cash and investments (figures are from the audit presentation in the transcript).
Auditors told The Village Council that the city's financial statements received a clean opinion and that their internal-control review produced no findings, a presenter identified in the transcript as Chris said during the meeting.
"That is a clean opinion," Chris said while summarizing the auditor's report, and he told council that the report's next 29 pages could be relied on by councilmembers and outside entities. The auditor explained the city reports on a modified cash basis of…
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