County audit shows regulatory-basis clean opinion, notes material weakness and grant timing issues
Auditors told the Montgomery County commission they issued an adverse opinion on GAAP but an unmodified opinion on the county's regulatory basis accounting; auditors identified one material weakness and noted a grant-related fund ending negative and subsequent large purchases to be disclosed.
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Emily Franks of auditing firm Jared Gilmore Phillips presented the independent auditor's report for Montgomery County for the year ended Dec. 31, 2025 and said the firm issued two opinions: "We issue an adverse opinion and an unmodified opinion," referring respectively to generally accepted accounting principles and the county's regulatory basis of accounting.
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