Auditor gives Downers Grove a clean 2025 audit; no internal-control findings

Jamie Wilkkey of Ladderbach & Aean presented the village's annual comprehensive financial report and reported an unmodified (clean) audit opinion for the fiscal year ending Dec. 31, 2025. Wilkkey said auditors found no material adjusting journal entries and no exceptions during internal-control testing. She described the audit opinion as "the cleanest opinion you can receive" and pointed council members to the Management's Discussion and Analysis executive summary and the long-term trend data in the PDF packet.

Key points from the presentation: the village had a positive operating year with equity increasing versus the prior year; capital investment continued while bonded debt decreased during the fiscal year; the audit includes required disclosures and a statistical section with 10-year trend information. Wilkkey noted that a SAS 114 communication letter contained no disclosures to communicate and that the management letter contained no recommendations this year.

Council members praised finance staff and the audit results; Finance Director Robin Ley and the finance team were singled out for their work. No audit-related findings or actions were directed at this meeting; the annual report will be posted online per standard practice.

Next steps: the council received the audit report for consideration at first reading; final acknowledgment or ordinance to accept the comprehensive financial report may appear on a future active agenda per usual procedure.