Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
County auditor issues clean opinion but flags control and reporting gaps in FY2024-25 audit
Summary
Gardner Company presented an unmodified opinion on Chickasaw County’s FY2024-25 financial statements but reported material adjusting entries, recurring segregation-of-duties weaknesses, a missing public hearing on a sheriff’s installment purchase, and ARPA compliance procedures for $514,000 in expenditures.
Elizabeth Feier, a CPA with Gardner Company, told the Chickasaw County Board of Supervisors on Feb. 23 that the auditors issued an unmodified opinion for the fiscal year ended June 30, 2025, meaning the financial statements were, in their view, fairly presented after proposed adjustments were recorded.
Feier said the audit required several material adjusting journal entries that the county made to correct items that were either not recorded or recorded improperly. She highlighted the implementation of the Governmental Accounting Standards Board guidance on compensated absences (GASB Statement 101), which changed how the county measures sick leave and comp time by separating current and long‑term components of the liability. "We have issued an unmodified…
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
