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SAM board receives audited annual financial report; auditor issues clean opinion
Summary
The SAM board received and unanimously filed the Annual Comprehensive Financial Report for fiscal year ending June 30, 2025. Auditor Jared Somonson of Nigro and Nigro issued an unmodified (clean) opinion and reported increases in revenues, cash and capital additions; no material internal control findings were reported.
The SAM Board on the evening's meeting received the authority's Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2025, and voted unanimously to receive and file the document after a presentation by the external auditor.
Jared Somonson, audit partner at Nigro and Nigro, told the board that the firm issued an unmodified, or "clean," opinion on the financial statements and that no material weaknesses in internal control were reported. "In our opinion, the annual financial statements…
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