The Mundelein Board of Trustees meeting on June 9, 2025, featured a significant presentation on the village's financial health, highlighting a clean audit opinion for the fiscal year 2024. Jamie Wilkie from Lauderback and AM LLC presented the audit results, emphasizing the collaborative efforts of the finance team to ensure timely audits.

Wilkie reported that the village received an "unmodified" or clean audit opinion, the highest rating possible, indicating that the financial statements are materially correct. This is crucial for maintaining public trust and ensuring transparency in local government finances. The audit also confirmed that there were no exceptions found in the internal control testing, which assesses the effectiveness of the village's financial policies and procedures.

Key highlights from the audit included a substantial investment of approximately $12.7 million in capital assets, such as infrastructure projects, while only a modest increase of $1.7 million in bonded debt was noted. This trend suggests a strengthening of the village's overall financial position, as the growth in assets outpaces the increase in liabilities.

Wilkie also pointed out the importance of the management's discussion and analysis section of the audit, which provides an executive summary of the village's financial performance. Additionally, the statistical section of the audit offers a decade's worth of data on various financial and operational indicators, allowing residents to track the village's progress over time.

Notably, there were no new management letter recommendations this year, indicating that the village has made good progress on previous suggestions for improvement. This reflects positively on the village's commitment to sound financial practices.

The meeting underscored the village's dedication to fiscal responsibility and transparency, reassuring residents that their local government is managing resources effectively and planning for future growth. As the village prepares to roll into the 2025 audit, the focus remains on maintaining this positive trajectory for the benefit of the community.