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Independent auditors give Town of Irmo an unqualified opinion; report shows revenue over budget
Summary
Independent auditors presented an unqualified (clean) opinion for fiscal year ending 6/30/2025, reporting $25,000,000 in total assets, $6.9 million in liabilities and a net position of about $17,000,005; general fund revenues exceeded budget by $1,686,000.
At the Dec. 16 meeting the council received the Town of Irmo's annual financial audit from Todd Highsmith of Highsmith & Highsmith, who said the auditors issued an unqualified (clean) opinion on the town's financial statements.
Highsmith summarized key figures: total assets as of June 30, 2025 were reported at $25,000,000; total liabilities were $6,900,000;…
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