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Indian Trail audit: auditors issue clean opinion; town’s unrestricted net position rises about $12 million
Summary
External auditors gave Indian Trail an unmodified (clean) opinion on the year ended June 30, 2025, and said total assets rose about $3 million while unrestricted net position increased roughly $12 million; auditors flagged ARPA reporting and noted grant-compliance requirements going forward.
The town’s external auditors presented a clean audit and highlighted several positive financial trends at the Indian Trail Town Council meeting. Danelle Bennett of the audit firm told the council the firm issued “an unmodified opinion which means it is a clean opinion.”
Bennett summarized key figures from the fiscal-year statements for the year ended June 30, 2025: total assets increased by roughly $3,000,000; net position rose about $9,000,000; and the town’s unrestricted net position increased by about $12,000,000 from the prior year. She said some funds showed negative changes…
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