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County auditor reviews audit, GASB change and federal awards; commissioners approve several budget amendments
Summary
Weston County's auditor presented the annual audit and new GASB guidance affecting vacation/sick payout valuation; commissioners approved budget amendments including moving $500,230 to equipment depreciation and adding $17,200 for special attorney costs.
The Weston County auditor presented the county's annual audit at the March 3 meeting and described several accounting changes and items of note that will affect the county's financial reporting.
The auditor (speaker 6) said implementation of GASB guidance now requires valuing payouts for vacation and sick leave at the earned rate rather than previously used minimums, which increases the reported liability for those paid‑time‑off accounts. The auditor emphasized the change affects the financial statement presentation but not the day‑to‑day budget operations.
The audit also highlighted new activity in the Weston County Solid Waste District — including asset depreciation and employee costs — and discussed federal award reporting: last year the county reported about $4 million in federal awards, roughly $1.6 million of which was Bankhead‑Jones funding. The auditor noted the airport hangar grant and airport hangar rental proceeds must be dedicated for airport uses and suggested structuring those funds in a committed account to avoid inadvertent commingling with general funds.
Following the presentation commissioners approved a series of budget amendments. Resolution 2026‑6 moves $500,230 from the general depreciation fund into a general miscellaneous equipment depreciation line; commissioners asked staff to include the treasurer's account number in the resolution language for clarity prior to final signature. The board also approved Resolution 2026‑8, adding $17,200 to a line for a special district court attorney based on projected fees.
The auditor outlined next steps for finalizing the audit, signing representation letters and transmitting required schedules to the federal clearinghouse. He also encouraged departments to maintain monthly reconciliations and to document non‑county contributions clearly so auditors can tie local fund flows into the financial statements.
"That once we set that up, that hangar rent has to be dedicated to airport-related costs," the auditor said when describing restrictions tied to federal airport grants and hangar rents.
