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Auditor: Bourbon County issued a clean regulatory-basis opinion; credit-card documentation flagged
Summary
County auditor Emily Frank presented the 2024 audit, reporting an unmodified opinion on the county's regulatory basis financial statements, a $3.7 million ending unencumbered cash balance, and a management recommendation to improve credit-card receipt documentation.
Emily Frank, the auditor from Gilmore Phillips, presented Bourbon County's audit for the year ended Dec. 31, 2024, telling the commission the firm issued an unmodified opinion on the county's financial statements prepared on the Kansas regulatory basis of accounting.
Frank said the audit team issued an "adverse opinion on gaps to generally accepted accounting principles because the county elected to follow the Kansas regulatory basis (cash basis)." She added the regulatory-basis opinion should be read as a clean opinion for the cash/regulatory presentation the county uses.
The audit shows the county started 2024 with a combined ending…
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