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Town auditor gives Woodfin a clean opinion, warns FEMA reimbursements still pending
Summary
Auditor Nancy Lux presented the draft fiscal 2025 audit, reporting an unmodified opinion and highlighting disaster-related entries tied to Hurricane Helene; she said $1,040,642 in FEMA funds has been obligated but other reimbursements and state loan rounds remain in process.
Nancy Lux, the CPA who audits Woodfin’s books, told the Town Council on Dec. 9 that her firm issued an unmodified (clean) audit opinion for the fiscal year ending June 30, 2025. “We issued an unmodified audit opinion, which is the highest opinion that we can issue,” Lux said during a presentation of the town’s draft report.
Lux walked council through the management’s discussion and analysis, highlighting that property taxes remain the town’s largest revenue source at just over 48 percent and that disaster-related work from Hurricane Helene substantially affected this year’s results. She said the audit shows about $3.2 million in extraordinary…
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