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Cramerton audit returns clean opinion; one significant deficiency requires LGC response
Summary
Martin Starnes & Associates presented a clean (unmodified) audit for the Town of Cramerton showing a $1.4 million increase in fund balance, higher revenues, and one significant deficiency that requires a board‑signed response to the Local Government Commission within 60 days.
Martin Starnes & Associates presented the Town of Cramerton’s 2024 audited financial statements at the Nov. 19 workshop and issued a clean, unmodified opinion, indicating no material misstatements in the financial statements.
Audit highlights reported by Ms. Johnson included: General Fund revenues increased by $1.8 million (25%), driven by higher property tax revenue, permits, fees and intergovernmental revenue; expenditures decreased by $1.4 million…
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