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Auditors tell Shorewood board they will issue unmodified opinion on FY2024 statements

Village Board of Shorewood · December 2, 2025
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Summary

Sikich told the Shorewood Village Board it will issue an unmodified opinion on the village's FY2024 financial statements, reporting an increase in net position of about $5.1 million and noting an error correction related to North Shore Fire Department bonds; final reports will be available this week and in full at the next board meeting.

Kellen O'Malley, a director at accounting firm Sikich, told the Shorewood Village Board that Sikich will issue an unmodified opinion on the village's fiscal-year-2024 financial statements, the highest level of assurance the firm provides.

O'Malley summarized key preliminary figures: an overall increase in net position of just over $5,100,000, including about…

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