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Washington County accepts unqualified audit for fiscal year ended June 30, 2024
Summary
An external auditor presented the FY2024 financial audit to the Washington County Board of Supervisors; the county received an unmodified (clean) opinion on financial statements, compliance, and federal programs and the board voted to accept the audit 7–0.
The Washington County Board of Supervisors voted 7–0 to accept the county’s audited financial statements for the fiscal year ended June 30, 2024, after a presentation by external auditor Corbin Stone.
Corbin Stone told the board the audit produced an unqualified opinion on the financial statements, a clean report on compliance and internal controls, and an unmodified opinion on audited federal programs. Stone said the audit found county records to be well ordered and commended staff, noting that an unmodified opinion is “as good as you can do.”
Key figures Stone highlighted included a net position of $81.53 million and an unrestricted net position of about $49,000, with an ending governmental fund balance just under $68 million and an unassigned fund balance equal to about 24% of expenditures — metrics the auditor characterized as healthy and conservative. Stone noted that federal aid has been elevated in recent years and may decline, recommending the county’s fund balance provides a cushion for that change.
Board members thanked finance staff for maintaining clear records and accessibility to answer questions. Supervisor Tim Stevens made the motion to accept the audit; Supervisor Ball seconded. The board approved the audit and extended thanks to county finance staff for “competent” and “professional” work.
Ending: With the board’s acceptance, the audit report stands as the official financial record for FY2024; staff were encouraged to raise any subsequent questions with the auditor.
