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Auditors give La Grange a clean opinion on FY2023 financial statements; village reports modest general fund deficit
Summary
Sikich LLP presented the Village of La Grange’s FY2023 Annual Comprehensive Financial Report, issuing an unmodified opinion and noting no material weaknesses; the general fund ran a modest deficit (about $276,754) and GASB 87 lease accounting was implemented.
Village trustees heard a presentation of the Village of La Grange’s FY2023 Annual Comprehensive Financial Report covering May 1, 2022 through April 30, 2023. Auditor Sikich LLP issued an unmodified (clean) opinion, indicating the financial statements “are presented fairly in all material respects in accordance with generally accepted accounting principles,” and reported no material weaknesses in internal control.
Sikich partner James Savio explained the structure of the 132-page report, including…
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