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East Dundee receives clean audit for 2025; auditor flags IT awareness and upcoming GASB changes
Summary
External audit manager reported an unmodified opinion for the village's 2025 financial statements, highlighted fund-level numbers including a general fund operating income figure and TIF fund balances, and recommended IT-awareness steps and disclosures required by upcoming GASB standards.
Lauterbach & Amen audit manager Sydney Marks presented the village’s comprehensive annual financial report for the year ended Dec. 31, 2025, and stated the auditor issued an unmodified opinion for the financial statements.
Marks walked trustees through the independent-auditor’s report and the management discussion and analysis. She highlighted fund-level figures cited in the audit packet — an operating income figure of roughly $9.8 million for the general fund and an ending general-fund balance cited at about $18.8 million — and referenced Prairie Lakes TIF fund figures appearing in the report. Marks also summarized management-letter comments and recommended IT awareness measures to reduce cyber/financial risk, and she noted upcoming GASB changes (GASB 103 and 104) that will change disclosure formatting and require reporting of significant planned asset sales and other new items. Trustees thanked staff for their work in producing the report.
