External auditor issues clean opinion; flags segregation‑of‑duties risk
The village’s external auditor delivered an unmodified (clean) opinion on the annual financial statements, reported net position of $22.3 million and a general fund balance of about $9 million, and recommended continued oversight to mitigate segregation‑of‑duties risks typical for small municipalities.
The full story
An outside auditor presented the village’s annual financial report and told the board the firm issued an unmodified opinion, commonly called a clean opinion, on the financial statements for the year ending April 30, 2025. The auditor said total net position was $22,300,000, with $15.2 million in governmental activities and $7 million in business‑type activities; the general fund ended the year with a balance of about $9,000,000. The auditor noted there is no outstanding debt.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.