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Auditors give Warrenville clean FY2025 opinion; pension funding edges up to 73.7%
Summary
Lauderbach & Hamann presented an unmodified audit opinion for fiscal year 2025, reporting a $1.63 million increase in the general fund and a police pension funded ratio of 73.7% with a net pension liability of $11.4 million; auditors offered follow-up with actuaries.
Brad Porter, an auditor with Lauderbach & Hamann, presented the city’s FY2025 audit and told the Warrenville City Council the firm issued an unmodified (clean) opinion on the city’s financial statements.
The audit shows the general fund’s net change in fund balance for FY2025 was an increase of $1,630,000, or about 12% over the previous fiscal year, Porter said. He also noted the city received a Government Finance Officers Association Certificate of Achievement for its FY2024 financial reporting.
The audit’s pension…
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