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Aberdeen posts strong preliminary FY2024‑25 finances; auditor issues unmodified opinion
Summary
Finance Director Butch Watson reported FY2024‑25 preliminary figures showing revenues above budget in several categories (building permits, system development fees, sales tax), while auditor Misty Watson presented an unmodified FY2023‑24 opinion; the audit included two internal control findings related to journal entries.
The Aberdeen Town Board heard an optimistic financial update and an independent auditor's report at its Aug. 25 meeting.
Finance Director Butch Watson presented preliminary Fiscal Year 2024‑25 results showing overall revenues above budget. Watson reported General Fund revenues of about $16.6 million versus a $15.0 million budget (110.48% of budget) and noted several line items that finished above projections: building permits (187.36% of budget), utilities…
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