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Auditors give Fairfield County clean opinion but flag repeat closeout adjustments
Summary
External auditors issued an unmodified (clean) opinion on Fairfield County's fiscal 2024 financial statements, reported a larger-than-usual but improved set of post‑close adjustments, and noted a healthy general fund balance while calling out one repeat internal control deficiency related to financial closeout and reporting.
Grant Davis, a partner with Mauldin & Jenkins, told the Fairfield County Council the firm issued an unmodified opinion on the county’s fiscal year 2024 financial statements and two related reports, including a federal single-audit report that also received a clean opinion.
The auditor said the county’s general fund held roughly $20,000,000 in total assets at June 30, 2024, with about $7,800,000 in cash and cash equivalents and roughly $10,800,000 in receivables. Liabilities to outside parties were about $2,000,000, yielding a general fund balance of about $17.5 million — an increase of about $1.4 million from the prior year. Davis said the unassigned portion of fund balance provided about five-and-a-half months of operating coverage based on fiscal 2024 spending levels.
Davis said the county recorded positive variances against…
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