Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
County audit finds material weaknesses; commissioners approve written response and a 2025 audit contract
Summary
Auditor issued an unmodified opinion on Onslow County's FY2024 financial statements but reported three material weaknesses and required restatements. Commissioners approved the county response to Financial Performance Indicator concerns and awarded the FY2025 audit contract to Maldives and Jenkins for $134,500.
Onslow County’s independent auditor presented the fiscal year 2024 audit results April 21, reporting a clean (unmodified) opinion on the county’s basic financial statements but identifying three material weaknesses and multiple restatements that delayed issuance.
Leanne Bagasala, audit director for Maldives and Jenkins, told the Board of Commissioners the firm issued a clean opinion on the financial statements and clean opinions related to federal and state single-audit reports. However, the audit identified three material weaknesses including: restatements of prior-year balances tied to new guidance for opioid settlement revenue recognition, errors in bond premium amortization method, and incorrect landfill closure/post-closure cost…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
