Larimer County auditors give clean opinion on financial statements; board approves 2024 comprehensive financial report

Larimer County’s independent auditors issued an unmodified (clean) opinion on the county’s 2024 financial statements and presented the results to the Board of County Commissioners on July 22. Auditor Matthew Marino of RubinBrown said the audit “went as planned” and that county staff produced financial statements that required no material changes.

Marino told commissioners the audit included additional procedures required because the county expends federal funds above the single‑audit threshold. He said auditors reviewed five federal programs this year — Temporary Assistance for Needy Families; the Title IV child‑support enforcement program; COVID‑19 State Fiscal Recovery (ARPA) funds; Highway Planning and Construction; and the Workforce Innovation and Opportunity Act — and that the procedures identified no findings requiring corrective action that the board must address at this time.

The auditors also noted that Larimer County implemented Governmental Accounting Standards Board guidance on compensated absences (GASB 101). Marino described the required accounting work as completed and reflected in the current financials. He highlighted key footnotes, including disclosures for self‑insurance, landfill closure and post‑closure costs, long‑term liabilities, and significant commitments.

After the presentation, Commissioner Jody Shattuck McNally moved to approve the 2024 Annual Comprehensive Financial Report; the motion passed 3‑0.

Clarifying details: auditors reported one past adjustment and one other adjustment discussed and corrected with staff; the audit included a separate federal expenditures (single‑audit) review because federal funding exceeded the threshold.