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Controller reports audit filed with state and corrective action plan after fund reconciliation
Summary
Controller Paul Compo said the county audit is complete and filed with the state; auditors required a Corrective Action Plan after reconciling a bond-related sub-fund and finding a $495,745 deficit that conflicted with Controller reports.
County Controller Paul Compo told the board the annual audit has been completed and filed with the State. Auditors required a Corrective Action Plan after reconciling a bond-related sub-general fund used for bond payments and identifying a $495,745 deficit that had not been reflected in the Controller's earlier report.
Compo said auditors also noted the county does not produce stand-alone financial statements (the auditors record that as an annual finding). The Corrective Action Plan has been filed with the state; the minutes do not include details of corrective steps or timelines beyond filing the plan.
Compo also reported routine capital and facility matters: the CT scanner room is nearing completion, computer upgrades will start April 14, and the Lake Margrethe Dam Project partners are meeting to target completion by the end of August.
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