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Auditor gives Pratt County a clean opinion and reports county under budget for fiscal year
Summary
An external auditor delivered a clean governance letter and reported the county's financial statements show a reconciled cash position and that total county funds were under budget by roughly $7.1 million for the year.
An auditor addressing the Pratt County Board of Commissioners reported a clean governance letter and a clean opinion on the county's 2023 financial statements under the KMAG regulatory basis. "The audit went very smoothly this year," the auditor said, and added that the auditor's role is to issue an opinion while responsibility for financial statements rests with the county and its staff.
The auditor summarized key totals for the county's primary government: beginning cash of $12,208,000, receipts of $19,539,000, expenditures of $18,000,206, leaving unencumbered cash of $13,540,730; after adding back accounts payable and encumbrances the auditor reported reconciled cash of $610,892. The reporting entity grand total (including the related hospital board) was listed as $15,540,430, with most funds held in local checking and money-market accounts.
The auditor also reviewed debt and compliance matters: the county's lone debt issue for the county itself is the 2011 series (outstanding balance reported as $250,000) and the public building commission bond (series 2021) had an outstanding principal of $1,955,000. The auditor said all budgeted funds complied with Kansas budget law and that the county was under budget overall by $7,115,007.64.
Commissioners asked no substantive follow-up questions during the presentation; the auditor noted a small number of correcting journal entries were made to move transactions posted to closed funds and said staff should avoid posting to closed funds going forward.
