The Town of Indian Trail received a clean bill of financial health for fiscal year (FY) 2024-2025, according to a review of its latest audit.
Deneal Bennett, CPA, with J.B. Watson & Co., P.L.L.C., presented the annual audit report to the Town Council during its Jan. 13 regular meeting. The auditing team returned an unmodified (clean) audit report showing the Town’s financial statements are materially correct for the fiscal year that ended on June 30, 2025. An unmodified audit is the highest level a municipality or county can receive.
“An unmodified clean audit provides the highest level of assurance to our residents that the Town is fiscally sound,” said Town Adam McLamb. “It demonstrates Indian Trail’s solid fiscal management, the hard work of our Town Council and staff, operational efficiencies, and our commitment to handling our residents’ tax dollars with integrity and transparency.”
The state of North Carolina is committed to ensuring its cities and counties are in good financial standing and can meet the needs of its citizens. In addition to a balanced budget, North Carolina also requires all cities and counties to have an annual audit performed by a state-approved CPA firm and to submit the audit report to the secretary of the state’s Local Government Commission. The annual audit provides the Town Council and residents with an overview of the Town’s finances for the fiscal year, which ends on June 30 each year for Indian Trail.
The audit reviews the funds that have come into the Town throughout the year and ensures they are spent in accordance with generally accepted accounting principles. The audit also ensures the numbers are accurate and can be depended upon when reviewing the finan¬cial position of the Town. In addition, the audit looks at areas that might need special attention, such as weak internal structures or funding corrections, of which Indian Trail had none.
View the full audit report on the Town's website. If you have questions about the audit, please contact Finance Director Alicia Massey at 704-821-5401.