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Auditor issues clean opinion but flags accounting adjustments; commissioners accept Walton County FY2024 audit
Summary
Mauldin & Jenkins issued an unmodified opinion on Walton County’s FY2024 financial statements but reported material weaknesses and required accounting adjustments; the commission accepted the audit at the meeting.
Walton County’s independent auditor delivered an unmodified (clean) opinion on the county’s fiscal-year 2024 financial statements while reporting several accounting adjustments and two material weaknesses; commissioners voted to accept the audit.
Ryan Jones, representing Mauldin & Jenkins, told commissioners the firm issued an unmodified opinion on the FY2024 statements and noted the audit covers the general fund and the county’s enterprise funds. Jones said auditors rely on actuarial estimates for the county’s pension-related balances and described about $14.5 million in net pension-related reductions embedded in the statements.
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