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Indian Trail audit: unmodified opinion, town reports large increase in unrestricted net position
Summary
JB Watson & Company delivered an unmodified opinion on Indian Trail's fiscal year ending June 30, 2025, reporting increases in assets and net position and noting ARPA accounting reclassifications and strong fund-balance metrics.
Danelle Bennett of JB Watson & Company told the Indian Trail Town Council the firm issued an unmodified (clean) opinion on the town's financial statements for the year ended June 30, 2025. "An unmodified opinion, which means it's a clean opinion," Bennett said, summarizing the auditor's conclusions.
Bennett reported total assets rose by about $3,000,000 and the town's net position increased about $9,000,000; she said the most notable change was that unrestricted net position increased by roughly $12,000,000 from the prior…
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