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Nye County commissioners approve FY2023–24 audit; corrective action plan filed with state
Summary
Auditors issued a clean opinion on Nye County’s FY2023–24 financial statements while flagging budget overspends, a repeat capital-asset inventory deficiency and internal-control weaknesses; the commission unanimously approved the audit and an early corrective action letter to the Nevada Department of Taxation.
Dan MacArthur, the county’s external auditor, told the Nye County Board of Commissioners the independent audit of the fiscal year ending June 30, 2024, delivered a clean opinion. "In our opinion, the financial statements referred to above present fairly in all material respects the respective financial position of the governmental activities," MacArthur said during his presentation.
The audit noted multiple budget variances at the function level, including overexpenditures in general government and public works tied largely to retroactive bargaining-unit settlements, and smaller overages in several special funds. MacArthur described a repeat internal-control finding involving the county’s month-end close process and said the capital-asset inventory requirement remains unresolved because the county has not designated and completed work…
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