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Polk County auditors deliver clean opinion; commissioners accept audit unanimously
Summary
County auditors presented an unmodified opinion on Polk County's fiscal year ended June 30, 2024, detailing assets, liabilities, fund balances, pension liabilities and an unbooked opioid settlement receivable; the Board of Commissioners voted unanimously to accept the audit.
Polk County commissioners accepted the county's fiscal year 2024 audit after auditors told the board they had issued an unmodified opinion on the county's financial statements for the year ended June 30, 2024.
The auditors reported the county had total assets and deferred outflows of $130,500,000 and liabilities and deferred inflows of $73,300,000, leaving a net position of $57,200,000 — an increase of $11,400,000 from the prior year. Countywide governmental fund revenue totaled $84,200,000 and expenditures totaled $84,500,000, leaving combined ending fund balances of $32,300,000. Major components of the ending fund balances included the general fund ($6,500,000), public works ($4,100,000) and behavioral health ($18,500,000).
The auditors…
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