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Collbran Board accepts 2023 financial statements and independent auditor's report
Summary
Trustee Evans moved and the Board voted to accept the Town of Collbran's 2023 financial statements and independent auditor's report from Blair and Associates, P.C., as of Dec. 31, 2023.
Blair and Associates, P.C. presented the Town's 2023 financial statements and the independent auditor's report during the Oct. 1 meeting. Following the presentation, Trustee Evans moved to accept the financial statements and the independent auditor's report as of Dec. 31, 2023; the Board voted to accept the documents.
Finance Director Karla Distel was present to elaborate on the report. Acceptance of the auditor's report closes the town's formal review of fiscal year 2023 accounting and allows staff to proceed with any recommended follow-up items identified by the auditor.
Why it matters: acceptance of audited financial statements is a routine but important transparency and fiscal oversight step that confirms the town's accounting for the prior fiscal year.
Next steps: staff will address any recommendations in the auditor's report and incorporate any required adjustments in financial reporting or budget planning.
