Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Finance Audit topic
No spam. Unsubscribe anytime.
Morrow County accepts clean audit for year ended June 30, 2024
Summary
Auditors issued an unmodified opinion on Morrow County’s FY 2023–24 financial statements and the Board of Commissioners voted to accept the audit after brief questions about pension and minor budget presentation errors.
The Morrow County Board of Commissioners voted unanimously Wednesday to accept the county’s financial statements and auditors’ report for the year ended June 30, 2024.
Auditor Brad Bingenheimer, partner with the county’s audit firm, told commissioners the firm issued an unmodified opinion on the county’s financial statements — an auditor’s statement that, in his words, "the financial statements present fairly in all material respects the financial position and results of operations of the county for the year ended 06/30/2024." He said auditors found only a few technical issues under Oregon minimum audit standards, including three small overexpenditures across funds and “one error” in budget publication figures, and no material weaknesses in internal controls.
The audit team also reviewed federal awards and uniform guidance controls and found no instances of noncompliance, Bingenheimer said. Kathy Wilson, who presented financial highlights, said the county’s unrestricted net position was about $22 million and net capital assets were about $76 million, with an increase of roughly $7 million in capital assets for the year driven by road and airport work and vehicles for the sheriff’s office.
Commissioners asked for clarification about the unfunded pension liability. Wilson and Bingenheimer explained the net pension liability is a standard GASB presentation that reflects a long-term actuarial snapshot and noted the county has been making required and some supplemental contributions. "You're making those contributions as required," Bingenheimer said, adding that the liability is measured on a prior-year measurement date and supplemental contributions may not show up immediately in that valuation.
After discussion, a commissioner moved and the board seconded a motion to accept the financial statements and audit report for the fiscal year ending June 30, 2024; the motion carried with an affirmative vote by the board.
The board thanked the audit team and county finance staff for their work; auditors emphasized the clean outcome relative to previous years’ findings.
The county will publish the audit documents and any follow-up management responses as required by state rules.
