Colleton County receives clean audit; officials note healthy liquidity and upcoming GASB changes
Mauldin & Jenkins delivered a clean opinion on Colleton County’s financial statements; auditors reported roughly $98 million in total assets and $70.5 million in liabilities (about $55.5 million long-term) and said upcoming GASB standards will be phased in across fiscal years.
The full story
Mauldin & Jenkins presented Colleton County with an unmodified (clean) opinion on its fiscal audit during the Feb. 1, 2022 Colleton County Council meeting. David Irwin, CPA, told council members the county’s government‑wide balance sheet showed roughly $98 million in total assets and about $70.5 million in total liabilities, of which approximately $55.5 million are long-term obligations.
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