Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
RSM presents FY2024 audit: unmodified opinion but two material weaknesses, including unreconciled bank variance
Summary
RSM US presented Platte County's FY2024 audit, issuing an unmodified (clean) opinion while reporting two material weaknesses (bank reconciliations/timeliness and a $1.5 million SEFA error) and one significant deficiency. Commissioners debated previous treasurer-office findings and the timing of audit disclosures.
RSM US on Aug. 26 presented its audit of Platte County's fiscal year ending Dec. 31, 2024, delivering an unmodified (clean) opinion on the financial statements but reporting two material weaknesses and one significant deficiency in internal control.
"We did issue an unmodified opinion," Kristen Hughes, managing director at RSM US, told the commission during the audit presentation. Hughes and county auditor Kevin Robinson walked commissioners through the compliance report and the single-audit testing for federal awards, noting that ARPA spending accounted for the majority of federal expenditures tested.
Hughes said the audit identified two material weaknesses: inadequate controls and untimely bank…
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
