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Hunt County treasurer warns audit delays have cost county a bond rating
Summary
Hunt County Treasurer Britney Turner told commissioners the county has experienced repeated delays in receiving its annual audit, prompting Moody’s to withdraw the county’s bond rating on outstanding debt; she urged stricter audit timelines before renewing the external-audit contract.
Britney Turner, Hunt County treasurer, told the commissioners’ court that repeated delays in the county’s outside audit have put the county at financial risk and urged the court to consider scheduling requirements before renewing the auditor contract.
Turner said the county received a draft of audited financial statements for fiscal 2024 only late in January and that, because financial reporting was late, “we withdrew our credit rating on our outstanding bonds” from Moody’s. She asked the court to “exercise caution” before approving the renewal of the annual audit…
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