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Audit shows unmodified opinion and roughly $181,000 surplus; stormwater RFPs due Nov. 6
Summary
Auditor Tim Sawyer reported an "unmodified opinion with no findings" for Port Deposit's 2024–2025 audit, citing a General Fund increase of about $182,000 and a net surplus near $181,000. Town staff said stormwater project RFPs are due Nov. 6 and other capital items are underway.
Tim Sawyer, CPA, of Barbacane, Thornton and Company told the Port Deposit Town Council that the 2024–2025 financial audit received an "unmodified opinion with no findings," indicating the financial statements were fairly presented.
Sawyer said the General Fund balance rose by about $182,000 (from $1.24 million to $1.42 million). Overall revenues exceeded budget by approximately $217,000 and expenditures were under budget by about $38,000,…
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