Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
Auditor: Daggett County books in good condition; single-audit performed for ARPA funds, no findings
Summary
Aycock & Miles Associates presented Daggett County's 2024 audit to commissioners, reporting generally healthy fund balances across major funds, low debt levels and no audit findings after federal single-audit testing tied to ARPA funds.
Aycock & Miles Associates auditor Mike Miles told the Daggett County Commission that the county’s 2024 financial statements were in good condition and that audit procedures identified no reportable findings.
Mike Miles, auditor with Aycock & Miles Associates, summarized financial conditions across the county’s major funds, noting adequate cash balances, manageable debt schedules and that the county underwent single-audit testing because it received federal ARPA funding during the audit period.
Major audit highlights
- General fund: Approximately $426,000 in cash at year-end; the fund recorded operating revenues of roughly $2.4 million and expenditures slightly higher, producing a modest operating decrease for the year after transfers.
- Flaming Gorge Roads & Transportation special district: Cash reported at about $3.2 million at year-end, with revenues and expenditures varying by project activity.
- Transportation tax: Cash of about $952,000, restricted for transportation uses.
- Redevelopment Agency (RDA): Cash of just over $3 million; the RDA recorded land sales and interest earnings that increased cash year-over-year.
- Class B roads: Approximately $1.2 million in cash restricted for road work.
- Rural hospital tax fund: Roughly $962,000 in cash restricted for the hospital tax purpose.
- MBA (capital projects) fund: Net cash deficit driven by capital activity; grant revenue and project spending were listed for the treatment plant/community center efforts.
- Dutch John enterprise fund (water/sewer): Unrestricted cash ~ $422,000 and restricted cash for bond covenants ~ $108,000. The fund received a large capital grant (reported in the audit) that covered the majority of a tank project; after capital receipts and grant proceeds the fund’s cash position showed a small net increase for the year.
- Debt: Overall governmental debt was small and scheduled to retire in a few years; business-type (Dutch John) debt was also described as manageable, with annual debt service in the range of the tens of thousands.
- Capital activity: The audit documented significant construction and capital-project activity during the year, including airport work, the Dutch John tank project, and other county facility purchases and retirements. Grant proceeds covered a large portion of the Dutch John capital expenditures.
Single-audit and findings
The auditor confirmed the county underwent a single-audit in the audit period because federal ARPA funding had been received (approximately $2.8 million was mentioned in the discussion). The auditor reported there were no findings resulting from the single-audit or the broader financial audit.
Context and next steps
Miles recommended caution on vehicle lease terms because lease interest rates ranged in the report and can carry hidden costs. He also recommended the county avoid allowing restricted Class B road funds to be used for general fund purposes; those dollars should remain dedicated to road projects. The audit was accepted by the commission during the same meeting.
Ending
Commissioners thanked county staff for timely records and the auditor for the report. The county clerk/finance staff were instructed to file the accepted audit with county records.
