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Colleton County receives clean audit, single‑audit and no internal‑control findings
Summary
Independent auditors delivered an unmodified opinion on Colleton County's fiscal year 2024 financial statements, issued a clean single‑audit for roughly $2.6 million in federal expenditures and reported no material weaknesses in internal controls.
Independent auditors told the Colleton County Council on Jan. 7 that they have issued an unmodified ("clean") opinion on the county's fiscal year 2024 financial statements and a clean single‑audit report for federal awards.
David Erwin, CPA of Holden and GED LLC, presented the annual comprehensive financial report and highlighted required communications under auditing standards. Erwin said the county's government‑wide statements showed roughly $150 million in assets and deferred outflows, including about $68 million in capital assets and $64.7 million in cash and cash equivalents.
Erwin said total liabilities and deferred…
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