DeKalb Township receives clean audit; auditor flags segregation-of-duties, accounting restatement

DeKalb Township trustees on Aug. 19 received an annual audit from Andrea Meyer of Newkirk Associates that resulted in an unmodified opinion, while the auditor identified internal-control issues the firm said are common in small local governments.

The presentation, given at the start of the meeting during the "presentations" portion, said the audit produced a clean opinion on the financial statements but included required communications about internal-control matters and accounting adjustments, including a restatement tied to a new accounting standard for compensated absences (referred to in the audit as GASB 101). The board voted to approve the audit documents and to pay the board's listed bills for July and August.

Andrea Meyer, Newkirk Associates' auditor for the engagement, told trustees the auditors found no disagreements with management and no significant difficulties completing the work. "Everything — both the town and the road — had all the documents that we asked for," Meyer said. She added that while the audit contained numerous journal entries, most were reclassifications or routine accrual reversals associated with accrual accounting.

Meyer said the…