Young County accepts fiscal 2024 audit; auditors flag missing judicial receivables

The Young County Commissioners Court voted unanimously to accept the county's fiscal year 2024 financial audit after auditors said the statements were unmodified except for a qualification tied to judicial receivables not recorded in the general ledger.

Mike, a representative of Edgett, Parkland, Fleming & Fleming, told the court the firm issued an unmodified opinion on the financial statements but qualified that opinion because judicial receivables were not recorded. He said the county's overall net position rose by about $4,443,000 for the year ended Sept. 30, 2024, and the general fund held $12,854,000 in fund balance, roughly 9.6 months of average operations.

The auditor highlighted three recurring findings: material audit adjustments, untimely bank reconciliations for the treasury account and instances of overexpended budgets tied to debt service and capital accounts. The auditor recommended an annual cleanup process for judicial receivables and timely reconciliation of interfund balances and outstanding checks.

Commissioners and staff discussed progress on prior findings. The presiding officer complimented staff members Kyle and Cheryl for work to get records back on track. Commissioners asked for additional follow-up on interfund balances and the outstanding checks noted in the management letter.

After discussion, the court approved a motion to accept the audit results. The motion passed 5-0.

The county staff said they will continue the cleanup of judicial receivables and will follow up on the bank reconciliation issues identified in the audit. The court did not set a separate timetable in the meeting minutes but asked staff to provide any further questions to the auditors and staff to report progress at a future meeting.