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Audit committee approves draft 2024 financial statements with edits and management response
Summary
The Grand County Audit Committee voted unanimously Aug. 18 to approve the draft 2024 financial statements and audit reports, with the auditors and county staff tasked with final edits including language on TRT transfers and a subsequent‑events note for 2025.
The Grand County Audit Committee on Aug. 18 approved the draft 2024 financial statements and accompanying audit reports, asking auditors and county staff to incorporate editorial corrections and a modified management response about Tourism, Recreation and Travel (TRT) transfers and a subsequent‑events disclosure for 2025.
The action came after lead auditor John Hatterley delivered the audit package and described the firm's opinions and required disclosures. Hatterley said the auditors "issued an unmodified opinion" on the county's financial statements and noted that the federal single audit identified the airport grant as the major federal program for 2024. He also recommended stronger IT and cybersecurity practices for the county.
The vote directed staff and the lead auditor to implement…
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