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Auditor delivers clean opinion; flags two internal-control recommendations and ARP spending
Summary
Blankenship CPA Group presented the Town of Nolensville's fiscal 2024 audit to the Board of Commissioners, reporting a clean opinion on the financial statements, two narrow internal-control findings driven by a recent software conversion, and federal grant testing principally related to American Rescue Plan Act funds used for the fire hall.
Blankenship CPA Group partner Bob Adams told the Town of Nolensville Board of Commissioners on July 28 that the auditor's report for fiscal year 2024 contained a clean opinion on the town's financial statements but included two findings about data-management and monitoring following a recent software conversion.
Adams said the audit covers three main areas: the financial statements, limited evaluation of internal controls as they relate to the financials, and federal award testing under Uniform Guidance. He told commissioners the firm performed a federal grant audit because federal award expenditures exceeded the $750,000 threshold for single-audit reporting; the major program tested included American Rescue Plan Act (ARP) funds used primarily for the town's fire hall.
Why it matters: the audit is the principal independent statement about town finances…
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