Audit Says City of LG in Great Financial Shape

The La Grange City Council met in March and heard a report from CPA Greg Trlicek on the city’s financial audit for fiscal year ending Sept. 25, 2025.

Trlicek presented an unmodified and unqualified opinion, which is the best or “cleanest” opinion that an independent auditor can give.

The City’s general fund, which covers most city functions except utility departments, ended the fiscal year with a fund balance of $2,797,530. That was an increase of just over a million dollars from the beginning of the year. Combined with the capital improvement fund and other miscellaneous funds, total governmental funds ended the year with a fund balance of $13,667,501, an increase of more than $2.6 million.

Trlicek said the total fund balance was enough to pay for almost six months of expenses.

“You’re definitely adequate there,” Trlicek said.

In the utility fund, the fund balance dipped slightly from $15,302,098 at the beginning of the year to $15,165,684 to end the year – a loss of $136,414.

“So if you’re looking at the two funds, the general fund and your utility fund, which are your two main operating funds, you increased your fund balance $883,428,” Trlicek said.

Concerning debt, Trlicek said the City ended the year owing $365,714 on the governmental side and $2,194,286 on the utility side. Those bonds mature in 2031, and the City is on track to pay them off.

“You had no issues with your internal controls or compliance,” Trlicek said. “So overall, a clean opinion and clean, clean report. And I commend all the City staff who dealt with us.”