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Auditors give Woodbury Countys FY2024 financial statements a clean opinion; ARPA spending noted
Summary
Williams & Company presented Woodbury Countys FY2024 certified annual financial report, delivering an unmodified (clean) opinion, a breakout of general fund reserves (102 unassigned days; 127 days for general basic), and reporting about $13.1 million in federal awards (roughly $10.1 million in ARPA funds). The board voted to receive the report 5-0.
Chad, an auditor with Williams & Company, presented Woodbury Countys certified annual financial report for fiscal year 2024 and said the independent auditors issued an unmodified opinion on the financial statements. "In our opinion, the financial statements referred to above present fairly in all material respects," he stated, summarizing the auditors report and the transmittal letter.
Chad highlighted fund detail and comparative analysis, noting the general fund had 102 days of unassigned reserves and the general basic fund showed about 127 days when certain funds were separated. The report also includes a schedule of federal awards (SEFA) that totaled about $13.1 million for FY2024; Chad said roughly $10.1 million of that amount came from American Rescue Plan Act (ARPA) projects. He reported no single-audit findings related to ARPA compliance and described one common material adjusting journal entry that appears in many audits.
The board moved to receive the certified annual fiscal report for FY2024 and voted 5-0 to accept it. The auditor noted that ARPA funds included in the SEFA still require obligated spending by the statutory deadline cited in the report; the transcribed document shows the deadline as "3126," which staff clarified was intended as Dec. 31, 2026. The report also contains statistical sections and trend charts intended to increase transparency about the countys financial position over the prior decade.
Board members thanked the auditor and noted the breakout of funds should provide greater clarity for future budget and reserve discussions. The county will publish the report and continue to monitor remaining ARPA obligations and reporting requirements.
