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Arapahoe County receives clean audit for fiscal year 2024; single-audit finds no federal compliance issues
Summary
External auditors issued an unmodified (clean) opinion on Arapahoe County's fiscal year 2024 financial statements and reported no findings in the single audit of federal awards; auditors and county finance staff highlighted ARPA revenue recognition, rising property tax receivables, and pension funding metrics.
Arapahoe County officials said Tuesday that independent auditors issued an unmodified (clean) opinion on the county's annual comprehensive financial report for the year ended Dec. 31, 2024, and that the single audit of federal awards contained no findings.
The clean opinion and the lack of single-audit findings mean that, after audit procedures, CliftonLarsonAllen concluded the county's financial statements are materially correct, auditors said. "We did issue an unmodified or clean audit opinion for the year ended 12/31/2024," auditor John Paul LeChevollier said during the presentation.
The report matters because it indicates the county's financial statements present a reliable view of assets, liabilities and results of operations and because the single audit tests compliance for federal grant programs the county administers. "This part is very black and white," LeChevollier said of the single audit, noting auditors tested six federal awards and found no…
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