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Glenview audit: independent auditors give village a clean opinion; finance director notes planned deficit and healthy fund balance
Summary
Finance Director Ivana Posiak told the Glenview Board of Trustees that Baker Tilly issued an unmodified (clean) opinion on the village'024 financial statements; the corporate fund showed a planned deficit of about $2.1 million but an ending unassigned balance of $39.9 million (about 45% of 2025 expenditures), within policy.
Finance Director Ivana Posiak told the Glenview Board of Trustees on June 17 that Baker Tilly issued an unmodified, clean audit opinion on the village's 2024 financial statements.
Pasiak said the corporate fund began 2024 with a balance of about $61.4 million and recorded total revenues of approximately $94 million for the year. Corporate fund expenditures, excluding transfers out, were roughly $79.7 million, producing a planned use of fund balance of about $2.1 million. Including transfers, the year-end corporate fund balance was about $59.3 million; the unassigned portion…
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