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Village of Tequesta receives clean audit; net position rises to $63.2 million
Summary
The village's auditor reported an unmodified (clean) opinion for the year ending Sept. 30, 2025, noting a $7.8 million increase in net position and no current-year findings; council members asked questions about reserves and pension assumptions.
The Village of Tequesta received an unmodified (clean) audit opinion for the fiscal year ending Sept. 30, 2025, the auditor told the council at its April 9 meeting. The firm’s managing partner said the village’s net position increased by about $7.8 million from the prior year, bringing the village-wide total net position to approximately $63.2 million, and that the compliance ("yellow book") report contained no current-year findings.
That clean opinion, the managing partner said, reflects the finance team's preparation and cooperation during the audit process. "We have expressed an unmodified or clean opinion," the presenter said, and added that…
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