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Auditors give West Haven a clean opinion; finance director outlines corrective actions and fund balance figures
Summary
Acting Finance Director David Taylor told the finance committee auditors issued a clean opinion for federal and state audits; Taylor summarized four findings addressed in a corrective action plan and reported a $6 million net fund-balance deficit driven by Board of Education overspending.
Auditors issued a clean opinion on West Haven’s federal single audit and state audit for the fiscal year ending June 30, 2025, Acting Finance Director David Taylor told the finance committee.
Taylor said there were no reportable instances of noncompliance and that key schedules (federal awards and state financial assistance) were fairly stated in all material respects. He outlined a corrective action plan addressing four findings: cash disbursement cutoff errors, procurement and suspension/debarment documentation for federal funds (notably ARPA), two Board of Education subrecipient-monitoring items and a recurring Medicaid form error; Taylor said actions are in place to prevent repeats in FY2026.
Taylor reported a net impact on fund balance (deficit) of $6,000,000 — driven by $9,000,000 deficit spending at the Board of Education and offset by a $3,000,000 city surplus — leaving an ending fund balance of approximately $15,000,000 (about 7.4% of 2025 expenditures, or roughly 8.1% when compared to the recently approved 2027 budget). Taylor said internal service funds are individually in the black and highlighted an insurance recovery of about $1,037,003.63.
Taylor: “The auditors’ opinion is a…clean opinion, which is what we all strive for.”
The committee discussed grant reporting and asked why the ECS grant appears as exempt in the audit schedule; Taylor explained ECS funds the Board of Education and is presented differently in reporting.
