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Edgar County accepts FY24 audit; auditors note retirement funding healthy, some cash-flow timing concerns
Summary
The board accepted the fiscal year 2024 audit performed by Wifley LLP, heard that IMRF retirement plans are largely fully funded (one plan about 97%), and discussed interim cash-flow shortfalls tied to state payments.
Edgar County board members accepted the county's fiscal year 2024 audit, performed by Wifley LLP, at their regular May meeting and heard a summary of key findings and local budget status.
The board approved a motion to accept the audit after staff noted Wifley LLP could not attend the meeting in person but would provide an audit letter and management letter to the board. The chair highlighted a key result: "The audit did show that, we are fully funded on our retirement plans. All of the IMRF plans are in good shape.…
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