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Boone County audit returns unmodified opinion; auditors flag two significant deficiencies
Summary
County auditors issued an unmodified (clean) opinion on fiscal year statements, noting two repeated significant deficiencies (segregation of duties and completeness of accounting records) and recommending migration of some off‑system accounts into the county's primary accounting system.
Boone County received a clean audit opinion for the fiscal year ended Nov. 30, 2025, the county's auditor reported June 18.
"We issued an unmodified opinion on the county's financial statements, which is commonly referred to as a clean audit opinion," audit principal Lindsay Fish told the Board, adding that no material weaknesses were identified. The audit did, however, report two significant deficiencies that were repeated from the prior year: gaps in segregation of duties in a few offices and incomplete capture of some accounts in the county's primary accounting system.
Fish said general fund revenues outperformed budget expectations by about $2.3 million and the county ended the year with approximately $13.88 million in total general fund balances, roughly $12.3 million of which was unassigned. Pension notes were largely favorable: the county's IMRF plan showed a net pension asset and one law-enforcement plan was about 99% funded; elected officials' pension funding was approximately 75%.
Auditors recommended management strengthen oversight and move accounts maintained outside the main system onto the county's Tyler system. "None of these findings affected our audit opinion," Fish said, noting progress from the prior year when three significant deficiencies were reported.
The board accepted the audit and directed staff to work on the recommended corrections and account migrations; the audit will be included in the county's published independent auditor report and management discussion and analysis.
Ending: The board voted to accept the audit as presented and said staff will pursue the auditors' recommendations and report back.
