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County receives clean FY23-24 audit; general fund balance grows
Summary
Outside auditors gave Harrison County an unmodified (clean) opinion for FY23-24, noting no findings on internal controls; the general fund rose to about $18 million year-end with roughly $12.5 million unassigned (about 39% of a year's expenditures).
Patilo Brown and Hill audit supervisor Jacob Bowman presented the county's FY23-24 outside financial audit and said the firm issued an unmodified, or "clean," opinion and found no reportable deficiencies in the financial-statement audit.
"For the fiscal year ended September 30th, 2024, unmodified opinion," Bowman told the court, adding the firm found no findings and no questioned costs in federal and state grant testing (including ARPA and a juvenile confinement grant). He summarized key fund figures: the general fund had nearly $18 million in fund balance at year-end, a net increase of about $750,000 from the prior year, and roughly $12.5 million unassigned (about 39% of annual expenditures), in line with GFOA guidance.
Bowman also discussed internal control testing and recommended continued separation of duties and documented approvals as a best practice. County staff and commissioners thanked the auditor and the county's finance team for their work on the report.
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