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Auditor gives Aberdeen "clean" opinion; general fund balance rose to about $8.6 million
Summary
Auditor Misty Watson reported an unmodified opinion for FY2024–25, with general fund unassigned balance at about $8.6 million (59.8% of expenditures), an increase from the prior year, and no findings for deficiencies; the audit noted aging water/sewer infrastructure.
Auditor Misty Watson presented the town's fiscal year 2024'25 audit to the Aberdeen Town Board on Feb. 9, reporting an unmodified (clean) opinion and several positive financial indicators.
Misty Watson said the general fund increased by $1,864,129 in FY24'25 and unassigned general fund balance stood at roughly $8.6 million, or 59.8% of general fund expenditures, up about 35% from the prior year. Total general fund revenues for the year were about $16.2 million and expenditures about $14.3 million. Investment earnings across funds were $642,438. The water and sewer fund also posted an increase ($930,972) for the year.
The auditor reported no findings of deficiencies or weaknesses in internal control. The Local Government Commission's routine observation that the town's water and sewer infrastructure is aging was noted; staff and commissioners discussed planned SCADA phases and capital work to address infrastructure renewal.
Board members and staff praised the accounting staff's performance and collection rates; the audit showed a property tax collection rate of roughly 99.84% for the period. The auditor told the board she appreciated the cooperation of town staff during the audit.
Next steps: staff will respond to the LGC observation on infrastructure in the required format; planned SCADA and capital work were discussed as part of ongoing infrastructure upkeep.
