Condition: During audit fieldwork, our testing resulted in significant audit adjustments in order to present materially accurate financial statements. Plan: The Village Administrator and Treasurer, along with staff, will review year-end adjustments as part of the audit preparation process and work to reduce the number of entries proposed by the auditors and prepare fully adjusted financial statements prior to audit fieldwork. Anticipated Date of Completion: Fiscal Year 2025 Name of Contact Person: Vivian Payne, Village Administrator and Arlette Frye, Treasurer Management Response: Most audit adjustments were identified by Village staff during the audit process. The timing of the audit and audit preparation was greatly affected by several unusual events during this fiscal year, a cyber-attack and retirement of key department heads to name a few. This resulted in delayed audit preparation. For fiscal year 2025, the Village is moving from a part-time, remote treasurer position to a full-time in-theoffice treasurer. This move along with the stabilization of staff will greatly improve efficiency and timeliness of all functions.