Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
County finance staff report FY24 audit completed with 'clean' opinion; corrective actions planned
Summary
County finance staff told supervisors the FY24 audit is complete and yielded an unmodified (clean) opinion; staff flagged significant internal-control deficiencies and described corrective steps including added positions, segregation of duties, documentation improvements and possible independent review.
Amelia County finance staff presented a midyear financial report and an update on the FY24 audit, telling the board the audit was completed and that the county received an unmodified clean opinion. The presenter said the audit completion improved timelines and cited specific audit adjustments to fund balances and receivables.
On controls, the presenter said auditors recorded significant internal-control deficiencies and recommended improvements in documentation, segregation of duties and oversight. "We can now say officially that we are done with FY '24 audit" and that "the county received unmodified clean opinion," the finance presenter said, while also warning that resource constraints mean additional staffing and policy work will be required to address findings.
Board members discussed a corrective-action plan that includes hiring support staff, developing policies and procedures, and possibly bringing in an independent reviewer for internal controls. The county will present the auditor's report next month when the audit firm is available to answer questions.
