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County finance staff push audit prep and single-audit work as treasurer reports March balances
Summary
Finance staff told commissioners they are preparing for the county's single audit (federal funds > $750,000), reorganizing documentation for auditors and implementing an auditing documentation system; the treasurer presented March beginning and ending balances and noted reconciliation issues with assorted federal withdrawals.
County finance staff told the Custer County Board of Commissioners on May 22 that they are intensifying preparation for the county's annual audit, including work specific to a "single audit" triggered by federal funding levels, and implementing an auditing documentation system to organize deliverables for the auditors.
Why it matters: Single audits (required when federal spending exceed $750,000) bring additional federal oversight. The county said it is…
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