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Buena Vista trustees accept 2025 financial audit with clean opinions
Summary
The Board received the 2025 audit presented by Hinkle & Company and voted to accept the financial statements and audit report. Auditors reported unmodified (clean) opinions on financial statements and federal single-audit testing, with no findings or material weaknesses.
Buena Vista — May 26, 2026 — Auditors from Hinkle & Company presented the town's 2025 annual financial audit and reported three unmodified (clean) opinions, including the single-audit required for federal award expenditures. The Board of Trustees moved to accept the audit and the financial statements as presented.
Jim Hinkle, the lead auditor, explained the audit approach and control testing and said the town's internal controls and segregation of duties were sufficient. He reported no significant deficiencies or material weaknesses and said compliance testing of the airport federal program (the selected federal program for the single audit) showed no instances of non-compliance.
Hinkle told trustees the audit was completed in time for the town's next budget cycle and state filing deadlines and that auditors experienced no difficulties or disagreements with management during the process. Following the presentation trustees moved to accept the audit; the motion passed by voice vote.
The town's finance staff and auditors said they would finalize the required communication letter and file the audit with state and federal reporting authorities as required.
What this means: Acceptance of the audit confirms the town's financial statements for 2025 are presented in accordance with generally accepted accounting principles and that audited federal-award spending met uniform guidance compliance in the tested program.
