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Baker Tilly issues clean opinion on New Berlin’s 2024 audit; general fund ends year stronger than budgeted
Summary
Baker Tilly presented a clean, unmodified opinion on New Berlin’s 2024 financial statements, noting stronger-than-anticipated general fund results — roughly $1.6 million more in revenue and $1.2 million less in expenditures than budgeted — and highlighted a $13.8 million year‑end general fund balance.
Wendy, the Baker Tilly auditor who presented the review, told the City of New Berlin committee on Sept. 3 that the firm had issued a "clean, unmodified opinion" on the city's 2024 financial statements and included an emphasis-of-matter paragraph to call out new governmental accounting guidance on compensated absences.
The presentation, delivered during the committee-of-the-whole meeting, summarized several key figures for 2024. Wendy said revenue exceeded budget by about $1.6 million — largely driven by investment income — while general fund…
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