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Auditors tell Grand County that late component‑unit audits delayed 2024 report; committee urged earlier deadlines
Summary
Auditors told the committee late or missing audits for discrete component units (EMS, water service district, transportation) prolonged the 2024 audit; the committee directed staff and component units to deliver audited reports earlier—ideally by May—to prevent future delays.
Grand County's audit of fiscal year 2024 was delayed in part because several discrete component units did not supply audited financial statements and audit reports in time for the county's consolidated report, the county's external auditor told the Audit Committee on Aug. 18.
Lead auditor John Hatterley told the committee that the county relies on component units' audited reports when their financial activity represents a material portion of the county's consolidated totals. "We have to get their audit reports from their auditors," Hatterley said,…
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