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Nye County Water District accepts 2024 independent audit, 5-1 vote
Summary
After presentation by auditor Daniel McArthur, the Nye County Water District Governing Board accepted the 2024 independent audit with an amendment requesting supplemental detail on service contracts; the vote was 5-1.
The Nye County Water District Governing Board voted 5-1 on April 10 to accept the district's 2024 independent audit, presented by audit firm Daniel C. McArthur, LTD.
Auditor Daniel McArthur told the board the firm’s opinion was that the financial statements “present fairly in all material respects” the district’s financial position as of June 30, 2024, characterizing the opinion as a ‘‘clean audit.’’ He noted the audited statements include accounting disclosures required by governmental accounting standards — including a reported net pension liability of $212,786 — even though state statute treats PERS obligations differently when employer contributions are paid.
The board discussed the audit’s level of detail. Board member Bruce Holden said the 45-page report lacked line-item detail on service contracts and other vendor payments and said he would not support the audit unless supplemental detail was added. Auditor McArthur replied that adding supplemental schedules is possible and that detail supporting entries can be included in the financial statement as supplemental material.
A motion to accept the audit as presented, amended to request supplemental detail on service and supply contracts be provided as an addendum and in future audits, passed 5-1. The vote recorded: Helene Williams — aye; Bruce Holden — nay; Ernie Jackson — aye; Michael Locke — aye; Charles (Tony) Miller — aye; Chair Ed Goodhart — aye.
Board members and staff said they would ask the comptroller to file the audit with the Nevada Department of Taxation (D-Tax) as required and to follow up with the requested supplemental schedule showing service and supplies detail.
The audit packet showed the district ended FY2024 with a fund balance of about $1,042,000 and pool cash/investments near $941,000. McArthur noted the district ran well under the adopted budget in FY24 and said the financial position was “very strong.”
The board’s action covered only acceptance of the audit report; any separate motion to accept the comptroller’s related filings or to change auditors would be handled in follow-up items.
The board asked the auditor and comptroller to return with the supplemental schedules requested and discussed the option of soliciting a new auditor in the next audit cycle to provide an independent review of the district’s records.
