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Aberdeen posts surplus in FY24 cash results; audit returns clean opinion
Summary
Town finance staff reported FY24 cash-basis revenues above budget, producing roughly $2.41 million net income in the general fund and about $945,000 in the water/sewer fund; the contracted auditor delivered an unmodified (clean) opinion and noted a small number of accounting findings to correct.
Aberdeen town staff and the contracted auditor presented year-end financial results and an audit summary at the Aug. 25 meeting.
Finance director Butch Watson told the board general-fund revenues on a cash basis were about $16,585,000 with expenditures of $14,174,000, producing a cash-basis net income of roughly $2,410,000; water and sewer revenues were about $5,487,000 with net income near $945,000. Watson…
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