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Indian Head Park board accepts FY2024 audit with clean opinion; capital improvements fund shows deficit
Summary
The Board of Trustees voted Aug. 14 to accept the FY2024 audit after auditors from Lauterback & Amen issued an unmodified opinion; the audit flagged a capital improvements fund deficit and recommended a capital asset appraisal and upcoming GASB updates.
Indian Head Park officials voted Aug. 14 to accept the village’s fiscal year 2024 audit after auditors issued a clean, unmodified opinion.
Justine Poor, an audit manager with Lauterback & Amen, presented the required communications and told trustees the firm found the financial statements free of material misstatement and issued an unmodified opinion. She summarized fund-level results, saying the General Fund showed operating income of about $398,000 with an ending fund balance near $2.2 million, the Motor…
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