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County auditors issue unmodified opinion on FY24 financials; single-audit testing flags procurement documentation issues
Summary
External auditors told the court Potter County's financial statements for fiscal year ending Sept. 30, 2024, are materially correct, but single-audit testing found carryover findings about purchase documentation; staff said corrective actions are mostly implemented.
Hankins & Eastop presented five audit reports for Potter County's fiscal year ending Sept. 30, 2024, and issued an opinion that the county's financial statements are materially correct.
"Based on all of our testing, we have concluded that the county's financial statements are materially correct," auditor Scott Scarbro told the commissioners. He also reviewed single-audit testing of major federal and state grant programs, noting that the auditors were required to test ARPA-related spending this year and that a schedule of findings and questioned costs appears in the single-audit report.
Scarbro and county staff said one recurring issue related to procurement documentation for purchases above small-dollar thresholds: telephone bids were sometimes not retained in sufficient form. Brandon (county finance) said the county changed procedures midyear to require email documentation rather than telephone-only bid records, and auditors said that corrective actions appear to be working though some late-year transactions were still affected by the earlier practice. No audit opinion qualification was issued and auditors said they were satisfied with management's response and progress.
The court acknowledged the reports and there was no vote needed to recognize presentation of the audits; staff noted the audit documents are also used for debt covenant reporting and federal program compliance.
