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Iberia Parish receives clean FY2024 audit; general fund shows roughly $6.3M cash on hand
Summary
Auditors issued an unmodified opinion on the parish's FY2024 financial statements; the report shows about $51.9 million in revenue, $40 million in expenses and approximately $6.3 million in general‑fund cash available. Council accepted the audit by resolution July 9.
The Iberia Parish Council accepted the fiscal year 2024 audit at its July 9 meeting after an audit presentation that concluded with an unmodified (clean) opinion.
Matthew Mark Aglio, partner in charge for the auditing firm Kolder, Slaven & Company, told the council the independent auditors issued a clean opinion on both the financial statements and federal award compliance. "This year, we were able to issue an unmodified opinion or a clean opinion on the financial statements as a whole," Aglio said.
The audit packet summarized key figures: total revenues of about $51.9 million, total expenses near $40 million, and an increase in federal and state grant dollars. The auditors reported roughly $6.3 million in the general fund — described in the presentation as about 370 days of operating cash on hand — noting that part of the revenue increase reflects one‑time funding sources.
Aglio also identified two internal control matters: a payroll/direct‑deposit issue that was reported and corrected internally, and reporting related to a finance director transition and closeout. He described both as addressed or expected to be resolved going forward.
Council members discussed the implications of one‑time revenue and the need for reserve planning; several stressed caution in relying on nonrecurring receipts. "We don't want to say that too loud because every time we say that someone needs some money," Parish President said, adding the administration's desire to maintain a prudent fund balance.
The council introduced and passed a resolution accepting the audit report and acknowledging submission of the audit to the Louisiana Legislative Auditor and the Federal Audit Clearinghouse. The motion to accept the audit was made by Councilman Scott Rossoneri and seconded by Laura Brown.
