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External auditors give Walworth County a clean opinion; fund balance and cash position highlighted
Summary
Baker Tilly presented the county's 2024 financial audit to the Finance Committee, issuing an unmodified (clean) opinion, noting zero audit entries and no material weaknesses, and highlighting a general fund unassigned balance equal to about 42% of annual budget (roughly five months of expenditures).
Justin Hoagland, principal at Baker Tilly US LLP, told the Finance Committee on Thursday that the county's fiscal year 2024 financial statements earned an unmodified (clean) opinion and that auditors recorded zero audit entries during the engagement.
"We did issue your 2024 reports back on May 23... We had zero audit entries again this year," Hoagland said. He added the county also had no material weaknesses or significant deficiencies in internal control.
Hoagland reviewed…
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