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2015 Audit Highlights: Healthy Improvement
On March 30, 2016, the draft of the 2015 Town of Somers audit was presented by a representative of the firm Andrea & Orendoff of Kenosha, Wisconsin, to the Village Board of Trustees. The audit of the financial statements of the Town of Somers comprise governmental accounting activities, business-type activities, each major fund, cash flows, and accounting principles as of December 31, 2015.
Somers earned an impressive rating, achieving a “clean” audit, indicating there were no exceptions. This outstanding result demonstrates that Somers financial statements were found to be accurate, complete, and in accordance with the Government Accountability Standards Board accounting principles. Additionally, it was found that Village administration and Village Board of Trustee policies and procedures were followed and executed. The highlight featured a very healthy improvement of the general operating fund balance of $531,704 as of December 31, 2015.