Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Town auditor issues unmodified opinion, flags accrual recording adjustments
Summary
The town's fiscal 2025 financial statement audit returned an unmodified opinion. Auditor Emily Sobchak reported a $2.6 million increase in the general fund to $31.5 million and noted one finding related to year-end accruals; no single-audit findings on ARPA funds were reported.
Emily Sobchak of Greenfinney Collie presented the town's fiscal 2025 financial statement audit and said the firm issued an unmodified opinion, providing reasonable assurance that the statements are materially correct. She told council the general fund increased by $2.6 million to $31.5 million and that the unassigned fund balance was $23.8 million, representing just under 50% of fiscal 2025 operating revenues.
Sobchak said the town's policy to hold at…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
