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Village receives clean audit showing $7 million net position; one small timing adjustment noted
Summary
An external auditor presented a clean (unmodified) opinion for the year ended June 30, 2025, reporting about $7.0 million in net position, program expenses of roughly $918,000 and a single material adjustment of about $8,500 related to timing.
The Village of Martin's Additions received an unmodified audit opinion for the fiscal year ended June 30, 2025, the village's external auditor told the council Dec. 11. "Financial statements for the village present fairly in all material respects," the auditor said, summarizing the opinion that appears in the audit report.
The presentation highlighted key figures: total net position of about $7,000,000, governmental activities expenses near $918,000 and total revenues of about…
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