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City of Hays accepts 2024 audit; auditors note late FAA reporting for three airport projects
Summary
The City Commission of Hays voted 4-0 to accept the 2024 audit from Adams Brown; auditors issued a clean opinion on the city’s Kansas regulatory basis and noted a significant deficiency for late FAA reporting on three airport projects that had been corrected.
The City Commission of Hays voted 4-0 to accept the city’s 2024 audit, presented by auditors from Adams Brown, who reported a clean opinion on the city’s Kansas regulatory basis accounts but noted a significant deficiency related to late reporting on several Federal Aviation Administration grants.
Jamie Beneshek, lead auditor for Adams Brown, told commissioners the audit provided an “unmodified opinion on regulatory basis,” while the auditors did not audit the financial statements under U.S. generally accepted accounting principles (GAAP). Beneshek said the city had $54,000,007.11 of unencumbered cash at…
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