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Tinley Park audit yields clean opinion; auditors find no noncompliance on ARPA spending
Summary
Sikich issued an unmodified (clean) audit opinion for Tinley Park’s fiscal year ending April 30, 2025, and reported no instances of noncompliance or questioned costs related to American Rescue Plan Act spending, including $2.4 million in federal grants.
Nick Bob, a partner at Sikich, told the Village of Tinley Park Committee of the Whole on Dec. 2 that the firm issued an unmodified opinion on the village’s financial statements for the fiscal year ending April 30, 2025, describing that opinion as a "clean opinion" that stakeholders can rely on for the village’s financial position and fund balances.
The auditor said the village had $2,400,000 in federal grant spending and $735,000 in state grant spending in FY2025. Because the village’s federal grant spending exceeded the $750,000 single-audit threshold, Sikich performed a single audit that focused on compliance for programs that elevated the village past that threshold. "We didn't identify any instances of noncompliance or question costs as part of that single audit," he said.
Sikich’s presentation said the $2.4 million in federal spending was primarily the drawdown of remaining American Rescue Plan Act funds. The auditor also noted roughly $500,000 in Cook County funds where the village served as a subrecipient; those monies were reported as spent on the emergency operations center project and Post 13 lift station improvements.
The auditor thanked Hannah and the village finance department for assistance during the audit and noted the reports were finalized within the allowable submission window (the transcript references a finalization date around Oct. 28). Trustees responded positively after the presentation.
Why it matters: A clean financial and single-audit opinion means the village’s audited financial statements and compliance with tested federal programs did not contain material misstatements or reportable noncompliance for FY2025, which provides assurance to residents and grantors that ARPA and other grant-funded projects met the compliance tests performed by the auditors.
What’s next: The audit results were presented to the committee; the presentation closed with an offer to answer board questions and no follow-up actions were directed in the meeting minutes recorded in the transcript.
