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Children’s Trust gets clean audit; board reviews January finances and approves budget amendment
Summary
The board accepted an unmodified (clean) audit from Warren Averett, reviewed January financials showing $26 million cash on hand and partial tax revenue receipt, and approved a FY2526 budget amendment that reallocated training funds while reducing the overall budget by $126,977.
The Children’s Trust board accepted an unmodified (clean) audit from Warren Averett and approved a fiscal-year budget amendment at its meeting Tuesday evening.
Kristin McAllister, a partner with Warren Averett, told the board the audit team issued “an unmodified opinion, which is the highest level of assurance we can provide,” and found no material weaknesses or instances of noncompliance under government auditing standards. McAllister said the trust’s total assets are roughly $25,000,000, revenue for the last fiscal year was about $13,000,000, and grant funding totaled about $11,500,000. She told the board she…
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