Village Trustee Jason McMahon has pulled relevant data from ajudits concerning loans to RedTail Golf Club from 2016 through May 2026.
Eder, Casella & Co., CPAs (McHenry, Illinois) made the following findings in its audits from 2016 through 2020.
Note that this CPA firm describes what was advanced to RedTail as “cash borrowed from other village funds and are, therefore, interfund loans that have not been authorized by Village Board action.“
In further explanation, the 2016 CPA firm reports:
This paragraph above appears is all of Eder, Casella & Co., CPA’s audits.
The loans during 2017 appear below:
The loans during 2018 follow:
The 2019 figures are below:
2020 interfund loan information is below:
Starting in 2021 the audting firm of Lauterbach & Amen, LLP, took over.
Note the change which occured in describing the interfund loans.
From here on out they are described as “Interfund balances…made…in anticipation of receipts to cover temporary cash shortages.”
2022 findings follow:
Here are the finding for 2023:
Now comes 2025 results:
But, wait, there is a second set of figures for 2025:
Trustee Jason McMahon explains, “The first audit was missing corrections that should have been made.
“The second audit is supposed to be the corrected version.
“However, this is still under review and possible further correction. The Village financials are also inconsistent with the audits.”
Finally, audit results for the year ending April 30, 2026:
