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Hinsdale board accepts FY2025 audit showing revenues above budget and 49% fund balance
Summary
Trustees accepted the village's FY2025 annual financial report and related audit; the auditor issued a clean opinion and trustees were told revenues exceeded budget by $3.6 million and the village's fund balance stands at 49% of operating expenses.
At the June 30 meeting the board accepted the Village of Hinsdale's annual comprehensive financial report and management letter for the fiscal year ended Dec. 31, 2025. Trustee B summarized the auditor's work and reported that Sikitch provided a clean opinion and found no material weaknesses. Trustee B told the board that revenues exceeded budgeted amounts by $3.6 million and expenses were under budget by $2.1 million, leaving a fund balance of 49% of operating expenses.
The board voted to accept the audit, the allocation report for Illinois Municipal Retirement Fund amounts, and the consolidated year-end financial report. Trustees thanked staff for their work on the audit and noted the village will submit the report for a certificate of achievement in financial reporting.
