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Carefree council accepts FY2025 audit, corrects $1.9 million accounting error and designates clerk as CFO
Summary
The Town of Carefree accepted a clean FY2025 audit from CliftonLarsonAllen, approved a correction to a prior‑period accounting classification of $1.9 million related to the water fund, and adopted a resolution designating the town clerk/treasurer to submit the annual expenditure limitation report.
The Town of Carefree Common Council on Feb. 3 accepted the fiscal year 2025 audit and approved a routine resolution designating the town clerk/treasurer as the chief financial officer to submit the annual expenditure limitation report. The audit presentation included a clean (unmodified) opinion and a correction to a prior‑period accounting classification related to the town's water activities.
Lupita Martinez, principal with CliftonLarsonAllen, told the council auditors ‘‘examine and verify management's assertions over the financial numbers’’ and issued an opinion that the financial statements were free of material misstatement. Martinez said the audit identified a prior‑period accounting error from…
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