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Independent audit: Springdale receives unqualified opinion; council approves next-year engagement
Summary
Reese CPA delivered an unqualified audit opinion for FY23–24, reporting adequate internal controls and noting $4M+ in capital improvements and a debt increase from $6M to $10M tied to bond issuance. Council approved a one-year engagement letter for FY24–25 with a $2,000 fee increase.
An independent CPA auditor presented the Town of Springdale’s fiscal year 2023–24 audit to the council on Dec. 11, issuing an unqualified opinion and reporting no significant deficiencies or material weaknesses in internal controls.
Caleb Reese summarized highlights: November visitation statistics relevant to the town’s gateway role were reviewed…
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