Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
Auditor: York County’s FY2025 financial statements receive clean opinion; no material internal-control findings
Summary
Brown Network partner Danielle Nickolasin told the board the FY2025 annual comprehensive financial report earned a clean, unmodified audit opinion on the core financial statements; auditors identified a restatement tied to a new accounting standard for compensated absences but reported no material internal-control weaknesses or compliance findings in tested areas.
Danielle Nickolasin, the partner in charge of the audit for Brown Network, presented York County’s FY2025 annual comprehensive financial report and told supervisors the firm issued a clean, unmodified opinion on the county’s basic financial statements.
“In our opinion, the financial statements are presented fairly in all material respects,” Nickolasin said, summarizing the audit team’s conclusion. She told the board the audit encompassed the county and three component units (the school division, the economic development authority and the MCDA/CDA), with separate reports issued for those component units where appropriate.
The auditor said a change in accounting principles required a restatement related to compensated absences and referred the board to note 16 in the financial statements for details; the restatement resulted from implementing a new GASB standard and was not characterized as an error. Nickolasin also said the firm performed federal program testing (the schools’ impact-aid program this year) and, based on current work, expects to issue a clean federal-program report in the coming weeks.
Nickolasin told the board the firm found no reportable material weaknesses in internal controls over financial reporting and no instances of noncompliance requiring disclosure in the reports on internal control and compliance the firm prepares for the state auditor and other regulators.
Next steps: The board received the audit reports embedded in the annual document; the auditor said staff will review the updated federal uniform-guidance material released recently and finalize any remaining items needed to issue the single-audit report.
