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Glendale Heights gets clean audit but audit flags delayed bank reconciliations
Summary
Auditors issued an unmodified opinion on Glendale Heights' 2025 financial statements while noting a material weakness tied to delayed bank reconciliations; the general fund grew roughly $3.1 million and reserves expanded to 10 months of expenditures.
Glendale Heights officials said the village received an unmodified (clean) audit opinion for the 2025 fiscal year but were told auditors identified a material weakness in internal controls related to delayed bank reconciliations.
Finance Director Andrea Cravens introduced Christine Torres, partner at Crowe LLP, who told the Village Board the audit process produced a clean auditor's opinion. "The auditor's opinion is going to say that you have an unmodified or clean audit opinion," Torres said, adding the firm found "no significant items to bring to correction for the Village." Cravens told…
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