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Oak Ridge receives clean audit; two performance indicators of concern flagged
Summary
Auditor Chad Cook presented a clean (unmodified) audit opinion for fiscal year 2024–25 but said the Local Government Commission flagged two financial performance indicators of concern: material audit adjustments and a roughly $79,000 budgetary violation in the Heritage Farm Capital Project Fund.
Chad Cook, the lead auditor from Mazars, told the Oak Ridge Town Council on Jan. 8 that the town’s financial statements for the year ended June 30, 2025, received a clean (unmodified) audit opinion. Cook said the audit found no disagreements with management and noted no unusual accounting policies.
The presentation also flagged two financial performance indicators of concern, Cook said. One reflected material audit adjustments recorded during the audit. The other related to a budgetary…
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