SUBJECT
title
Accept the Independent Auditors Report for Fiscal Year 2025 (Action)
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DESCRIPTION
Mike Brynjulfson, Brynjulfson CPA, P.A. will present the Executive Summary of Independent Audit results for Fiscal Year ending September 30, 2025.
The Polk Regional Water Cooperative received an Unmodified (“Clean”) Opinion of its financial statements. The financial statements were free of material errors and were presented in accordance with Generally Accepted Accounting Principles (GAAP). The Auditors were able to determine that the actions taken by the Board were represented fairly by the financial transactions. In addition to the audit of the financial statements, the auditors are required to perform compliance testing for Federal and State funds received. One finding was noted for the State regarding adding the FDEP and SWFWMD as additional insureds on the County of Polk insurance policy which has been resolved.
RECOMMENDATION
Accept the FY 2025 Audit Report.
FISCAL IMPACT
No fiscal impact.
CONTACT INFORMATION
Mike Brynjulfson
Laura Guy-Rice