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Auditor issues unmodified opinion; FEMA disaster costs and loans dominate 2025 report
Summary
Town auditor Nancy Lux presented the draft audit for the fiscal year ending June 30, 2025, reporting an unmodified opinion and flagging large disaster-related spending and receivables tied to Hurricane Helene, including roughly $3.2 million in cleanup costs and about $1.04 million obligated from FEMA.
Woodfin Town’s independent auditor said the town’s financial statements earned an unmodified opinion and highlighted substantial disaster-related spending this year tied to Hurricane Helene.
Nancy Lux, the CPA who led the audit, told the council the audit was issued in draft Nov. 1 and that she does not expect numeric changes when the Office of Management and Budget finalizes 2025 compliance supplements for federal single-audit reporting. “We issued an unmodified audit opinion, which is the highest opinion that we can issue,” Lux said.
The auditor said property taxes remain Woodfin’s largest revenue source—more than 48 percent—followed by sales taxes. The audit…
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