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Wright County Board accepts 2024 audit; auditors note recurring audit adjustments
Summary
CliftonLarsonAllen presented Wright County—s 2024 audit, issuing a clean opinion but noting a recurring material weakness tied to audit adjustments; the board unanimously accepted the report.
Wright County commissioners accepted the county—s 2024 financial audit Tuesday after auditors reported a clean opinion but flagged a recurring internal-control issue.
CliftonLarsonAllen signing director Kristen Hul told the board the firm issued an "unmodified or clean opinion" on the county—s financial statements and that the auditors implemented new accounting guidance related to compensated absences (GASB 101). Hul said the audit identified one material weakness that also appeared in last year—s work: "audit adjustments just there were various items that we did correct during the audit around cash and investments, deferred inflows, receivables and internal funds," and added that there were no disagreements with management and no difficulties encountered in performing the audit.
Hul also summarized the federal single-audit work: Wright County spent $15.2 million in federal funds in 2024, prompting testing of major programs including the Coronavirus State and Local Fiscal Recovery Fund and child support. Auditors reported no material weaknesses in single-audit testing but noted one significant deficiency related to documentation of suspension-and-debarment checks for a small sample of transactions; staff has since revised procedures to retain the verification dates.
Eric, the audit manager, walked the board through the financial results and key drivers behind changes year over year: a roughly $5.2 million increase in revenues (largely from a tax levy increase) and a $23.5 million rise in expenditures driven by large highway projects and a Maple Lake shop project. He said a reclassification moved about $30 million of road project costs into capital outlay for correct reporting.
Commissioner Holland moved to accept the CliftonLarsonAllen report and audit; Commissioner Shane seconded and the motion passed unanimously.
The board vote to accept the audit concludes the county—s annual audit review; auditors left the board with standard recommendations for controls and documentation and said staff had already implemented corrective steps for the single-audit documentation issue.
