Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Audit topic
No spam. Unsubscribe anytime.
New Athens audit praised; trustees accept FY2024 auditors' report
Summary
The Village Board unanimously accepted the fiscal year ending April 2024 audit after auditor Brian Otten told trustees "The Village received high marks in the report," noting fund balances, TIF accounts and a management letter that highlighted higher-than-average water loss.
Brian Otten, the auditor who presented the village's fiscal year‑end review, told trustees "The Village received high marks in the report." He walked the board through restricted and unrestricted fund balances, TIF accounts, operating revenue for Water & Sewer and the Ambulance fund, investment income and loan payments, and pointed to items for management attention in the auditors' management letter.
Trustee Feder moved to accept the auditor's report and Trustee Newbold seconded; the vote was recorded as aye by all trustees present. The board heard that the State Comptroller's report is not yet complete and is due in October 2024. The audit discussion included a flagged operational issue: higher water loss than comparable towns, which auditors noted in the management letter.
