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County auditor issues unmodified opinion; auditors flag internal-control improvements and late ARPA report
Summary
Robinson Farmer Cox presented an unmodified FY2024 audit but noted material adjustments due to state actuarial entries, recommended timelier cash reconciliations, better reconciliation with school transfers, and reported one federal-program finding for a late ARPA report filing.
Robinson Farmer Cox partner Jay presented the FY2024 audit and concluded with an unmodified opinion on the county's financial statements. He told the board the primary-government net position was $33.4 million at year-end, a decrease of about $4.4 million; the county's fund balance on a modified-accrual basis was $22.2 million versus $26.3 million the prior year, and unassigned fund balance was $16.5 million. The auditor also highlighted federal-expenditure reporting (about $9.9 million in federal awards) and recommended procedural improvements.
Jay said the audit included management-letter comments related to internal controls: proposed journal entries (about 30 entries suggested during audit), timing of cash reconciliations, inconsistent recording of transfers with component units (the schools), and one finding in federal programs because the ARPA report that was due April 30 was filed May 2. After the presentation the board moved to accept the audit and asked staff to address the reconciliation recommendations.
