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Village auditor issues unmodified opinion; net position improves but unfunded pension remains
Summary
Auditor Ken Perkins presented a standard unmodified opinion for the year ended March 31, 2025, noting an increase in net position of roughly $596,000 but highlighting an unrestricted governmental deficit (~$742,000) driven largely by an unfunded pension liability (~$1.3 million) and OPEB obligations.
Ken Perkins, the auditor presenting the Village of Saint Charles financial audit, told the council Wednesday that the independent auditors issued a "standard unmodified opinion" on the village financial statements for the year ending March 31, 2025.
Perkins said the village reported an increase in total net position of about $596,000 for the year, compared with an increase of about $817,000 the prior year. "We have no exceptions to the fact that these financial statements do fairly present financial position of the village," Perkins said.
At the same time, Perkins said the…
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