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Brookfield auditors give village —unmodified opinion—, flag budget and recordkeeping issues
Summary
Auditors reported an unmodified opinion on Brookfield's 2024 financial statements and issued a management letter with five items: five funds over budget, three funds with deficit balances, the general fund below the 25% policy after a $1.6 million capital transfer, gaps in capital-asset records, and a cash-allocation best-practice recommendation.
The Village of Brookfield's Committee of the Whole reviewed the village's 2024 annual audit on Sept. 8, where auditors reported an unmodified opinion on the year's financial statements and outlined several management-letter recommendations for the board to address.
—We gave the village an unmodified opinion again this year,— said Matt Baron, a partner with the audit team, calling it —the highest opinion we provide.— He told trustees the audit work included entrance conferences, internal-control walkthroughs of payroll and utility billing, testing of trial balances back to source documents,…
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