Village of New Haven Audit Results March 31, 2020 Presented by - - PowerPoint PPT Presentation
Village of New Haven Audit Results March 31, 2020 Presented by Michael Rolka, CPA, CGFM & Christina Dey Presented on August 11, 2020 Village of New Haven Audit Opinion CAN ONLY BE ISSUED BY A LICENSED CPA FIRM HIGHEST LEVEL OF ASSURANCE
Presented by
Presented on August 11, 2020
Yeo & Yeo, P.C.
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Yeo & Yeo, P.C.
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Yeo & Yeo, P.C.
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Yeo & Yeo, P.C.
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$1,320,089 $1,436,503 $1,476,876 $1,978,602 $1,759,836 $1,432,086 $1,618,787 $1,741,401 $1,644,406 $1,631,982
$1,200,000 $1,300,000 $1,400,000 $1,500,000 $1,600,000 $1,700,000 $1,800,000 $1,900,000 $2,000,000 2016 2017 2018 2019 2020
Revenue Expenditures
*Includes Other Financing Sources and Uses
Yeo & Yeo, P.C.
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$949,280 $917,105 $956,750 $965,372 $1,040,691 $826,136 $853,759 $957,015 $985,330 $935,251 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,050,000 $1,100,000 2016 2017 2018 2019 2020
Total Revenues Total Expenses
Yeo & Yeo, P.C.
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$1,244,881 $1,309,819 $1,834,634 $1,486,007 $1,584,116 $1,459,576 $1,412,430 $1,553,005 $1,153,873 $1,196,943 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 2016 2017 2018 2019 2020
Total Revenues Total Expenses
Yeo & Yeo, P.C.
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$1,078,130 $895,846 $631,321 $965,517 $1,093,371 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 $1,200,000 2016 2017 2018 2019 2020
Yeo & Yeo, P.C.
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$70,638 $140,448 $140,412 $120,963 $197,821 $‐ $50,000 $100,000 $150,000 $200,000 $250,000 2016 2017 2018 2019 2020
Yeo & Yeo, P.C.
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$(1,200,572) $(1,406,817) $(1,234,687) $(1,038,687) $(709,758) $(1,600,000) $(1,400,000) $(1,200,000) $(1,000,000) $(800,000) $(600,000) $(400,000) $(200,000) $‐ 2016 2017 2018 2019 2020
Yeo & Yeo, P.C.
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1. Significant deficiencies – None 2. Material weaknesses a. Deficit Fund Net Position 3. Noncompliance a. Final Budget Amendment
1. Unallowable Expenditures
Michael Rolka, CPA, CGFM & Christina Dey (800) 968‐0010 microl@yeoandyeo.com chrdey@yeoandyeo.com