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Council accepts 2024 audit with unmodified opinion; FEMA repairs and Main Street grant noted
Summary
Auditor reported an unmodified opinion on Blowing Rock's 2024 financial statements; the audit highlights a $1 million estimate for storm repairs expected to be FEMA-reimbursed and notes a $2.7 million cash receipt for Main Street water and sewer replacement.
The Blowing Rock Town Council formally accepted the 2024 audit presentation Tuesday after a review by auditor Hannah Leskovec of Scott, Adams & Company, who said the firm issued an unmodified opinion and raised no difficulties with management.
"The audit opinion is unmodified," Leskovec told the council, adding the firm had no significant estimate concerns and that a new GASB pronouncement (GASB 100) will change prior-period adjustment presentation. She pointed council to subsequent events in the financial statements, including damage from Hurricane Helene and a…
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