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Stedman receives 2025 audit; auditor summarizes findings to board
Summary
Alan Thompson of Thompson, Price, Scott, Adams & Co. presented the town's fiscal year 2024–25 audit, summarizing results and noted findings. The board accepted the information; no formal action was recorded.
Alan Thompson, representing Thompson, Price, Scott, Adams & Co. (CPA), presented the town’s annual financial audit for the fiscal year ending June 30, 2025 to the Board of Commissioners during the Feb. 5 meeting.
Thompson summarized the financial results and noted findings identified in the audit report. The minutes state the presentation was given and no board action was taken at the meeting. The meeting packet included the town's budget‑vs‑actual financial materials that the board reviewed as part of routine oversight.
Why it matters: the annual audit provides independent review of municipal financial statements and internal controls; the report informs trustees and the public about the town’s fiscal condition and any recommendations from auditors. The minutes do not include detailed figures or the exact wording of audit findings beyond noting that findings were presented.
No vote was required or recorded on the audit presentation during the meeting.
