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Auditor issues unmodified opinion on Amelia County's FY2024 financial statements; material adjustments traced to prior administration
Summary
Auditors issued an unmodified (clean) opinion on Amelia County's FY2024 financial statements and reported the audit was completed earlier than the previous year, though auditors noted a significant deficiency tied to material audit adjustments from the prior financial director's period.
Amelia County's independent audit for the fiscal year ended June 30, 2024, received an unmodified (clean) opinion, the county's audit partner told the Board of Supervisors. Auditor Michael Lupton reported the audit was completed about three months earlier than the prior year and highlighted key financial figures from the FY2024 report.
Lupton said total governmental fund assets were about $24.3 million with liabilities around $3.4 million and combined fund balances (restricted, committed and unassigned) of about $19.85 million as of June 30, 2024. Unassigned general fund balance was roughly $5.3 million. Total governmental revenues…
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