Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Brown Deer board accepts 2024 audit showing unmodified opinion and stronger fund balance
Summary
The Village of Brown Deer board accepted the 2024 comprehensive financial report showing an unmodified audit opinion, a roughly $400,000 increase in the general fund and a near-$9 million fund balance; staff flagged two minor internal-control comments and noted future discussions about using reserves.
The Village of Brown Deer board voted to accept the 2024 annual comprehensive financial report on Sept. 15 after staff presented audit results showing an unmodified opinion — the highest level of assurance an auditor can issue.
Derek, a village staff member who summarized the audit for the board, said auditors found no material weaknesses and that the village’s general fund increased by about $400,000 in 2024. “We’re almost at $9,000,000 for our fund balance,” Derek said, and staff reiterated a target fund-balance policy equivalent to roughly 15%–30% of annual general-fund expenditures.
The auditor had two nonmaterial comments, Derek said, related to longstanding checklist items and record-keeping that the village has been addressing over recent years. Staff said the auditors (Christina Dahmer of Waterback & Ehman met with the finance committee but was unable to attend the meeting) would provide additional detail to trustees on request.
Board members discussed the village’s TID 4 history and the importance of maintaining reserves in case tax-increment districts close with deficits. Derek told trustees that recent policy and financial changes had halted growth of the TID deficit and opened options for future use of reserves — with an emphasis on one-time uses rather than ongoing operating commitments.
A motion to accept the 2024 financial report carried by voice vote. The acceptance was recorded as board action; the meeting transcript does not include a roll-call tally for that motion.
