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Itasca board accepts FY2025 comprehensive financial report after Sikich presents clean audit
Summary
Auditors from Sikich presented the Village of Itasca’s first annual comprehensive financial report and issued an unmodified (clean) opinion; the board acknowledged receipt of the FY2025 report and accepted the treasurer’s report. Trustees asked staff to address recurring credit-card sales-tax issues and to include a police-pension MD&A next year.
Brian Lefever of accounting firm Sikich told the Village of Itasca board on Nov. 4 that the village’s FY2025 financial statements earned an unmodified (clean) audit opinion and that staff produced the municipality’s first annual comprehensive financial report. “We’re pleased to present what’s called a unmodified or clean audit opinion,” Lefever said as he reviewed the report’s introductory and statistical sections.
Lefever highlighted several topline figures: the general fund showed revenues over expenditures of about $3,900,000…
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