Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Urbana Free Library board accepts FY2025 audit citing ‘clean’ opinion and $4M in fund balance
Summary
The Urbana Free Library Board on Jan. 13 accepted the library’s FY2025 audit after a presentation from audit principal Robert Martin, who said the financial statements received an unmodified opinion and showed roughly $3.5 million in the general fund and about $500,000 in a trust fund.
Robert Martin, an audit principal presenting remotely for the library’s auditor, told the Urbana Free Library Board of Trustees on Jan. 13 that the auditors issued an unmodified, or “clean,” opinion on the library’s FY2025 financial statements. “In our opinion, the financial statements referred to in this report are fair in all material respects,” Martin said during the board meeting.
Martin walked trustees through the three…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
