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Auditor flags two finance performance issues; Green Level must respond to LGC
Summary
Tony Brewer presented the FY 2024–25 audit and said two performance indicators were flagged as failing; the council was told it must file a response to the Local Government Commission within 60 days. Town Clerk Taylor Elizondo said she will draft the response for the March 12 meeting.
Tony Brewer of Tony Brewer, CPA, PC presented the Town of Green Level’s FY 2024–25 audit to the council and reviewed financial highlights and the audit analysis. He identified two performance indicators that were flagged as failing: “Operating Net Income Excluding Depreciation; Including Debt Service Principal and Interest” and the “Appointed Finance Officer Bond.”
Mr. Brewer told the council that the flagged indicators “require a response to the LGC, signed by the majority of the Council, within 60 days of presentation.” The audit and Mr. Brewer’s presentation were entered into the public record and filed with the town clerk’s office, he said.
Town Clerk Taylor Elizondo said she would draft the required response for the council to consider at the March 12 meeting. The transcript does not state what remedy the council will propose; the audit requires a majority-signed response to the Local Government Commission (LGC) within the 60-day window.
The audit presentation did not include an ordinance or binding council action beyond the requirement to respond to the LGC. The council heard the report and had no follow-up motions recorded on the audit during the meeting. The matter is scheduled for follow-up at the council’s March 12 meeting.
