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Village auditor reviews 2023–24 audit; auditor to continue independently after firm closure

Village of Loami Regular Board Meeting · September 1, 2024
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Summary

Estes, Bridgewater & Ogden presented the 2023–24 audit. Auditor Lori Milosevich said the firm will close at the end of 2024, but she plans to continue auditing the village under her own practice.

Lori Milosevich of Estes, Bridgewater & Ogden presented the fiscal year 2023–2024 audit for the Village of Loami. She reviewed the audit findings and reported the firm will close at the end of 2024.

Milosevich told the board she "will have her own audit business and will keep the Village of Loami as a client," ensuring continuity of service. The presentation concluded without the board taking additional action; the audit will be filed as part of the village’s fiscal records and any required follow-up items will be handled by village staff and the auditor.

The auditor’s note about the firm’s planned closure is a procedural detail that village officials said they will accommodate to maintain continuity of annual financial reviews.