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Independent auditors give Sykesville a clean FY2024–25 opinion; town net position around $13M
Summary
Audit partner Eva Webb reported an unmodified (clean) opinion on Sykesville's FY2024–25 financial statements, noting total assets of about $15.7M, current liabilities roughly $421K, pension net liability ~ $1.7M and unrestricted net position of about $2.8M; ARPA balances were noted as deferred inflows.
The independent auditor for Sykesville reported an unmodified (clean) opinion on the town’s financial statements for the year ended June 30, 2025, and walked the council through the key balances and disclosures.
Eva Webb, audit partner at LSWG, told the council the financial statements "present fairly in all material respects," the highest level of audit opinion. Webb highlighted the town's financial position: current assets of approximately $7.6 million, noncurrent capital-related assets near $7.7–$7.8…
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