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County fiscal director: 2025 audit issues due to timing, classification; $700,000 receivable corrected
Summary
Monroe County’s 2025 annual comprehensive financial report identified two matters requiring corrective action — timing-related overspends and a classification error that overstated receivables by about $700,000 — and the board approved a corrective action plan after staff described fixes.
The Monroe County Board approved a corrective action plan addressing two matters flagged in the county’s 2025 annual comprehensive financial report. Sue Meyer, the county’s director of fiscal services, told the board the issues were primarily timing and classification errors, not impropriety.
Meyer said four of the six cost centers that appeared overspent were the result of late invoices and timing differences. She also explained a classification issue involving veterans grant capital outlay and a GASB-related debt split. "This particular one was we budgeted for the GASB debt, but we didn't split it between principal and interest," Meyer said, noting the overall debt budget was fine. She added the balance sheet had overstated a current portion of long-term drain receivables by "about $700,000," which the county had corrected and tightened procedures to prevent recurrence.
After the explanation and a short discussion confirming the items were timing and accounting classification matters, the board approved submitting the corrective action plan to the Michigan Department of Treasury.
