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Auditor issues clean opinion on Weston2024 financial statements; trustees hear fund and debt details
Summary
Hawkins Ash CPAs presented the 2024 audited financial statements and issued an unmodified opinion. The auditor summarized net position increases, fund-balance changes and long-term obligations for governmental and business-type activities.
Hawkins Ash CPAs presented the Village of Weston2024 audited financial statements and issued an unmodified (clean) audit opinion, the auditor told trustees.
Auditor S5 reviewed key figures from the report: governmental activities net position of about $49,000,000 and business-type activities net position around $66,000,000. The general fund had an approximate $75,000 increase in fund balance to roughly $4,500,000; the debt service fund increased by about $278,000; capital improvements showed a roughly $6.6 million fund balance increase. The auditor also reviewed fund-specific results, proprietary fund cash-flow changes and a schedule of long-term obligations (notes payable, revenue bonds and related interest costs).
On capital assets and projects, the auditor reported construction-in-progress additions and retirements; on long-term obligations, S5 outlined outstanding notes payable and revenue bonds and the portion scheduled for payoff in the coming year.
Trustees asked clarifying questions; the auditor noted standard WRS presentation items (retirement-related liabilities) and confirmed no current audit exceptions. The board thanked Hawkins Ash for the presentation.
