Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Howard County audit returns unmodified opinion; council presses finance on large investment-income variance
Summary
Auditors issued a clean opinion on Howard County's fiscal 2024 financial statements, and council members questioned finance staff about a multiyear gap between budgeted and actual investment income.
CliftonLarsonAllen issued an unmodified opinion on Howard County's financial statements for the fiscal year ended June 30, 2024, and county finance staff were asked to provide additional detail on an unusually large variance in investment income during the council's January monthly meeting.
The audit covered the period July 1, 2023, through June 30, 2024, and included an in-process single audit of federal awards that is due March 31, 2025. CliftonLarsonAllen reported no material weaknesses or significant deficiencies in internal control related to financial reporting, and the auditors said management cooperated throughout the engagement.
"We have issued an unmodified opinion," said Jonathan Griffin, manager with CliftonLarsonAllen, summarizing the audit outcome. Griffin told the council that auditors examined significant accounting estimates such as pension liabilities, OPEB (other postemployment benefits), and…
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
