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Palos Park reviews 2025 audited financial report; ending fund balance about $7.3 million
Palos Park Village Council · January 13, 2026
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Summary
Council heard the village’s auditor present the Annual Comprehensive Financial Report and management letter, noted a GFOA 2024 certificate of achievement, and was briefed on GASB pronouncements affecting future reporting.
Palos Park’s auditor presented the Annual Comprehensive Financial Report (ACFR) and accompanying management letter, describing the packet as a general transparency item and walking council members through the management discussion and analysis section.
The auditor said the independent auditor’s report covers the financial…
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