Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditor gives clean FY25 opinion; board approves audit after discussion of GASB restatement and capital asset finding
Summary
External auditor Amanda Webb MacKernelson presented Winneshiek Countys FY25 audit, reporting a clean opinion and a required restatement to recognize compensated-absence liabilities back to 2024 that lowered governmental net position by about $1,000,000; the board voted to accept the audit.
Auditor Amanda Webb MacKernelson presented the countys FY25 audit and reported a clean (unmodified) opinion. The auditor told the board that a new GASB standard required restatement of compensated-absence balances to 2024, which in aggregate lowered governmental net position by "a little over $1,000,000." She identified key estimates in the financial statements (IPERS liabilities, capital asset…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
