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Board accepts county financial report; auditors issue clean opinions on levies but flag revenue-recognition control deficiency

Lane County Board of Commissioners · April 1, 2026

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Summary

External auditors Baker Tilly presented the FY 2024-25 Annual Comprehensive Financial Report (ACFAR) and examinations of levy funds, issuing a clean opinion on financial statements and levy funds, but noting one significant deficiency related to revenue recognition (cutoff/reporting period errors) that will be included in corrective action.

Audit representatives from Baker Tilly briefed the Board on the county's FY 2024-25 audits. Amanda Moore (principal) and Kevin (surname varied in the transcript) reported an unmodified opinion on the Annual Comprehensive Financial Report, meaning the financial statements were presented materially correctly under GAAP. They also reported a significant deficiency in internal control related to revenue recognition and cutoff errors (the deficiency appears in both the governmental auditing standards report and the Oregon minimum audit standards report). The auditors emphasized the complexity of governmental revenue recognition, with different bases of accounting for budgetary, modified accrual and full-accrual statements.

Baker Tilly also issued clean opinions on the county's federal-award single audit covering eight major programs and reported no compliance findings for those awards. The auditors presented examination reports for the local option tax levy and the parks levy that concluded the levies' assertions were met: the local option fund continued to be accounted for in a special revenue fund, the general fund continued to support jail services, the adult jail bed levels met commitments (255 beds), youth services operated 16 beds, and the funds' allocation percentages (91% jail services / 9% youth services) were tested without issues. The parks levy examination also resulted in a clean report; auditors confirmed the levy collected 16 cents per $1,000 of assessed value and that expenditures were used for park investment, maintenance, special projects and conservation/education.

Following the presentation, Vice Chair moved to accept the ACFAR and order corrective action to be filed with the Secretary of State (order 26-03-31-12); the motion passed 5-0. Commissioners and the sheriff praised staff for strong audit results and reliability of the levy reporting. Auditors noted they would provide details needed for the corrective-action plan for the revenue-recognition deficiency.

The auditors and staff recommended the board review the agreement language and return with any clarifications related to timing and reimbursement for the bond and noted the number of major federal programs audited was substantial. The board accepted the audit reports and directed corrective action filing.