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Smithsburg council reviews FY25 audit true-up as water fund shows nearly $400,000 owed to general fund
Summary
Town finance staff told council the FY25 audit shows water owes the general fund just under $400,000 and sewer just over $21,000; staff urged caution before transferring cash and will return with current balances for council consideration.
Smithsburg — Town finance staff on Feb. 3 told the Mayor and Town Council that the FY25 audit shows water owes the general fund just under $400,000 and sewer just over $21,000, and urged the council to weigh the timing and scope of any cash transfers.
Aaron Clark of SEK explained accounting differences that produce the reported balances, saying in presentation materials that “as of the June 30, 2025 audit, those amounts total…
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