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Antioch board accepts FY2024 audit and pension compliance report; staff note healthy reserves
Summary
Auditor presented a clean (unmodified) opinion for the fiscal year ending April 30, 2024; trustees approved the comprehensive financial report and municipal pension compliance report and heard one management recommendation about a capital projects fund deficit that staff will address.
The Antioch Village Board accepted the village’s FY2024 annual comprehensive financial report and the municipal pension compliance report on Dec. 11 after a presentation by auditor Hannah Colton.
Colton said the auditors issued an unmodified (clean) opinion and noted the village has received the Government Finance Officers Association certificate since 2006 and is on track to receive it again for 2024. The report shows total governmental assets and deferred outflows of about $122 million, business‑type assets near…
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