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Auditors report clean cash-basis opinion but flag motor-vehicle ledger and budget issues for Montgomery County
Summary
External auditors told the Montgomery County Commission they issued an adverse GAAP opinion but an unmodified opinion on the county's regulatory (cash) basis financials for 2023, highlighted a material weakness that the motor vehicle fund is not on the general ledger, and recommended corrective actions tied to software transitions and journal entries.
Emily Franks of the audit firm presented the county's fiscal 2023 audit, saying auditors issued an adverse opinion on GAAP-based statements but an unmodified opinion on the county's regulatory (cash-basis) financial statements and an unmodified opinion on federal awards.
Franks told commissioners that the county's reported cash balance at year end was about $21,615,000, but she flagged two funds that were not in compliance with Kansas cash-basis law: the motor vehicle operating fund (which ended with a negative balance) and a JJA-related grant fund. She said the motor vehicle finding was a repeat issue from 2022 and that…
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