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Moore County accepts FY2024 audit; finance staff to submit response to Local Government Commission

Moore County Board of Commissioners · December 2, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Auditors delivered an unmodified opinion for FY2024 but noted a material weakness tied to prior‑period restatement on opioid settlement accounting and significant deficiencies in Medicaid documentation; the board accepted the audit and approved staff's recommended response to the Local Government Commission.

Malden & Jenkins presented Moore County’s FY2024 audit for the period July 1, 2023 to June 30, 2024. Auditor Leanne Bagesala told commissioners the county received an unmodified (clean) opinion on its basic financial statements and on two discrete component units. The county also received a Yellow Book (GAGAS) report noting one material weakness related to a prior‑period restatement tied to opioid settlement accounting.

Bagesala said the prior‑period adjustment included…

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