Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
Blankenship CPA Group gives Nolensville a clean 2025 audit; ARPA spending deadline flagged
Summary
Blankenship CPA Group reported a clean audit opinion for the Town of Nolensville at the Jan. 29 work session, noting no material weaknesses and highlighting GASB changes to compensated-absence accounting plus a reminder about ARPA commitment and spend deadlines.
Bob Adams of Blankenship CPA Group presented the town's 2025 audit at the Jan. 29 Nolensville work session and said the firm issued a clean opinion. “Proud to report, the audit has a clean opinion,” Adams said, adding that there were no material weaknesses or significant deficiencies.
Adams highlighted accounting changes and a liability estimate tied to an impact‑fee matter, and noted the town’s balance sheet includes roughly $70,000,000 in assets and an approximate $10,000,000 General Fund balance. He also called out an emerging GASB standard on compensated absences and recommended that the town split certain funds (debt service and facilities tax) to match the budget book for better consistency.
Adams warned the board to track American Rescue Plan Act funds: staff must commit and spend ARPA money according to federal timelines. “Those funds must be spent — they have to be committed by September 30, and they have to be spent well before December,” he said.
Commissioners thanked Adams and staff for the audit work and for the town’s management of cash, debt and investments. The presentation was accepted for the record and the audit report will be posted to the state website.
