Council Accepts Fiscal Year 2021 ACFR Report
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The Addison Town Charter requires that Town staff prepare an Annual Comprehensive Financial Report (ACFR) which shows the status of the Town’s finances. The Charter also requires that the Town’s financial statements be audited annually by an independent external auditing firm. The results of the independent external audit are included in the Fiscal Year 2021 ACFR. On March 8, Addison's auditors BDK, LLP, an independent firm of licensed certified public accountants, shared with Council that it issued an unmodified option, which means that the financial statements are presented, in all material respects, in accordance with applicable financial reporting framework. Simply stated, an unmodified opinion is a clean opinion.