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Grand County accepts 2024 audit with clean opinions and approves CAFR
Summary
Henkel & Company presented Grand Countys 2024 audit with unmodified (clean) opinions on the financial statements and the single audit; auditors reported no corrected/uncorrected adjustments or independence issues. The board approved the Comprehensive Annual Financial Report (CAFR).
Finance Director Alina Bell introduced the countys 2024 audit and Timothy Hapelta (Henkel & Company), who presented the audit process and findings. The auditors provided unmodified (clean) opinions on both the financial statements and the single audit for federal expenditures, reported no corrected or uncorrected audit adjustments, no disagreements with management, and no independence concerns.
Hapelta described the audit approach (planning, testing and reporting), explained the risk-based methodology used to select areas for testing, and answered commissioners technical questions about selecting higher-risk areas (for example, pension estimates), analytic procedures and fraud/error detection limits for an external audit. Hapelta noted no significant difficulties in performing the audit and congratulated the county finance team on timely cooperation.
Commissioners thanked Alina Bell and the finance team and moved to approve the Comprehensive Annual Financial Report (CAFR). The motion passed by voice vote. Finance staff said the binded copies would be reprinted and distributed and that the CAFR had been submitted for the GFOA award process.
