Town council reviews financial audit from 2023-24 fiscal year
The town of Elon held a town council meeting Dec. 10 to discuss an audit of the town’s finances, a budget amendment for the town of Elon fire department and the approval of a downtown facilities policy. The audit showcased that the town’s net worth has increased 30.9% from the last fiscal year due to grants, taxes receivables, land and construction.The audit also concluded that there were no issues found regarding the town’s internal processes recording its finances and that the town remained compliant throughout the auditing process.