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Tolland posts clean FY2025 audit; general fund remains strong as budget season approaches
Summary
Independent auditors CliftonLarsonAllen delivered unmodified (clean) opinions on Tolland's FY2025 financial statements and single audits, reporting an increase in governmental net position and a healthy unassigned general-fund balance of about $12.8 million (roughly 18% of GAAP expenditures).
CliftonLarsonAllen auditor Leslie Zoll presented the Town of Tolland's FY2025 annual comprehensive financial report to the council on Feb. 10 and delivered clean audit opinions.
Zoll told the council the audit produced unmodified opinions on the town's financial statements and federal and state single audits, and that auditors did not identify reportable internal-control findings. "You have received unmodified opinions on the…
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