Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Coconino County finance staff reports FY2024 unaudited results, warns of revenue-expenditure gap
Summary
Finance presenter Siri Malini told the Board of Supervisors that FY2024 unaudited statements show revenue growth lagging expenditure growth, ARPA funds near full expenditure, an audit delay after the Auditor General recusal, and long-term pension prepayment gains.
Siri Malini presented an unaudited fiscal-year-end financial update to the Coconino County Board of Supervisors on Dec. 10, saying the county’s FY2024 revenues rose about 2.4% while expenditures increased about 6.3%, and that the county expects an audit delay after the Auditor General’s office recusal.
"We were notified in October that due to a conflict of interest, the Auditor General's office would no longer be responsible for the Coconino County audit," Malini said, noting a new audit firm was assigned Nov. 12 and the county is roughly seven months behind a typical audit schedule. She said staff aim to work with the new firm to minimize the delay once field…
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
