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Commissioners invite treasurer to explain late audit adjustments, ask for regular investment reports
Summary
After receiving the 2024 audit summary and an unmodified opinion, the Grand Traverse County Board voted to invite the county treasurer to an upcoming meeting to explain the treasurer’s role in audit adjustments and to provide an investment/interest report to the board.
The Grand Traverse County Board of Commissioners voted to invite the county treasurer to the Oct. 1 board meeting to explain the treasurer’s participation in the 2024 audit and to request regular investment and interest reporting.
The board heard a presentation on the 2024 audit that included a clean, unmodified opinion but also a set of adjustments and procedural recommendations. The finance presenter told commissioners that auditors recommended more timely bank reconciliations and monthly investment reporting, and that certain ARPA revenue entries required adjustments after year-end invoicing.
"We did receive an unmodified opinion, which is the best... that's known…
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