Audit finds Elgin finances sound despite oversight gaps

A recent review of the city’s books revealed confusion and gaps in Elgin’s fiscal direction, but third-party auditors ultimately found the city’s finances in good shape — a conclusion that left lingering questions for some.

In its annual audit for the fiscal year ending September 2024, independent auditors issued an unmodified opinion — the highest level of assurance that city financial statements are accurate and free of material misstatements.

The 100-page report from certified public accounting firm BrooksWatson & Co. recommended improvements in tracking, internal controls and staffing to strengthen financial oversight and transparency.