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County accepts 2024 audit; auditor reports generally healthy fund balances
Summary
Aycock & Miles Associates presented the 2024 audit showing generally healthy fund balances across the county and RDA; auditors reported no findings and the commission voted to accept the audit.
Mike Miles of Aycock & Miles Associates presented the county's 2024 audit, summarizing major fund positions and recommending attention to restricted balances. The auditor highlighted key figures: general fund cash of about $426,000; Flaming Gorge Roads special district cash of approximately $3.2 million; transportation‑tax restricted balance of about $952,000; RDA cash just over $3.0 million; and a negative cash position (interfund borrowing) in one capital project fund (NBA capital projects) of roughly $112,000.
Miles noted the general fund produced just over $2.4 million in revenues with expenditures slightly higher (about $2,483,000) resulting in a modest operating deficit offset by transfers. He also confirmed there were no audit findings for the year; there had been a single audit due to ARPA funding (about $2.8 million) and that audit likewise produced no findings. Commissioners thanked staff and the auditor and moved to accept the 2024 audit; the motion carried by voice vote.
The auditor recommended awareness of restricted funds, careful oversight of capital projects that draw on grant proceeds, and continued monitoring of enterprise fund cash flows. Staff will file the audit and address routine adjusting entries noted by the auditors.
