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Mocksville audit returns clean opinion; board adopts procurement and fund-balance policies and a 3% staff retention bonus
Summary
The Mocksville Town Board received an unqualified audit opinion and approved procurement and fund-balance policies, a 3% retention bonus for employees and several financial governance items. Auditor Eddie Kerrick highlighted healthy reserves and two state performance indicators to monitor.
The Mocksville Town Board on a December evening accepted its annual audit and approved several finance and personnel measures, citing a strong fund balance and steps to safeguard future budgets.
Auditor Eddie Kerrick told the board it had received an "unqualified or a clean opinion," meaning the town's financial statements "did fairly represent the books and records of the town" for the year ending June 30, 2024. Kerrick said total revenues rose by about $1 million this year, driven by the sale of an old police building (about $450,000) and higher investment earnings, and…
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