Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
Auditor gives Nottoway County unmodified opinion; board accepts 2024 audit
Summary
External auditor Robinson Farmer Cox presented an unmodified audit opinion for Nottoway County's 2024 financial statements, noted a net position decrease driven by state actuarial adjustments and one finding related to proposed journal entries and a late ARPA report; the board accepted the audit.
Robinson Farmer Cox partner Jay reviewed the county's 2024 audited financials and delivered an unmodified opinion, telling the board the statements are materially correct. He said the primary government net position on an accrual basis decreased by about $4.4 million and the county's modified-accrual fund balance fell from $26.3 million to about $22.2 million.
Jay highlighted a single material-control finding involving proposed journal entries and noted an administrative finding: the county's ARPA report was filed two days late. He recommended timely cash reconciliations and quarterly coordination between county and school accounting for transfers. After questions, the board moved and accepted the audit presentation.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
