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County auditor gives Horry County a clean opinion on FY2024 financials and federal programs
Summary
Mullen Jenkins partner Grant Davis reported an unmodified (clean) audit opinion on Horry County’s financial statements and clean Yellow Book and single‑audit findings; two major federal programs audited were an airport equipment grant (~$10.2M) and ARPA funds (~$24.1M).
Grant Davis, partner at audit firm Mullen Jenkins, presented the FY2024 audit to the committee and reported an unmodified (clean) opinion on the county’s financial statements. He said the firm found no reportable internal control deficiencies in the Yellow Book report and no disagreements with management during the audit.
Davis said the single audit tested two major federal programs: an airport equipment grant with approximately $10,200,000 in federal expenditures and the Treasury Coronavirus State and Local Fiscal Recovery (ARPA) program with approximately $24,100,000 in federal expenditures. He told the committee the firm issued a clean compliance opinion for these programs and noted no material weaknesses or significant deficiencies. Davis also reviewed upcoming Governmental Accounting Standards Board (GASB) pronouncements that may affect future reporting and invited questions; the committee thanked him for the presentation.
