Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Westmont accepts 2025 comprehensive financial report; auditors issue unmodified (clean) opinion
Summary
The board voted to accept the village's annual comprehensive financial report for the year ending Dec. 31, 2025. Auditor Nick Bava (Sikitch) reported an unmodified opinion on financial statements and no findings in the single audit covering federal grant spending.
The Village Board accepted the annual comprehensive financial report for the 12‑month period ending Dec. 31, 2025.
Director Altech summarized positive financial results, saying the general fund balance grew nearly 6% over the prior year and departments spent below budget. He said the village applies for the Government Finance Officers Association certificate of achievement for its comprehensive reporting.
Nick Bava, partner at Sikitch (the auditing firm), presented the audit highlights and said the firm issued an unmodified (clean) opinion on the village financial statements and reported no instances of non‑compliance or questioned costs in the single audit covering federal grants (the village spent about $4.2M in grant dollars in fiscal 2025, roughly $3.9M federal and $270,000 state). "That unmodified opinion is a clean opinion..." he said.
The board thanked finance staff and voted to accept the report.
Why it matters: An unmodified opinion signals the auditors found the financial statements free of material misstatement and that the village complied with federal grant rules in the audited period. Acceptance meets statutory audit requirements and supports transparency and financial management credibility.
What happens next: The village will continue to file and publish the comprehensive financial report and pursue the GFOA certificate of achievement for the report.
