Top-quality — Douglas County’s monetary statements accurately mirror its financial photo, in accordance to the 2021 audit by Wipfli LLP.
The auditor issued an unmodified belief of monetary statements of governmental and business-form actions Thursday, Sept. 1 to the administration committee.
It represents that monetary statements are offered in accordance with typically recognized accounting rules in the United States, mentioned Rob Ganschow of Wipfli.
“It’s the opinion that you, as a governing human body, are on the lookout for,” Ganschow explained. “… It provides affordable, but not absolute, assurance that monetary statements are totally free from material misstatement.”
The audit uncovered no substance weaknesses, sizeable deficiencies or scenarios of noncompliance on the county’s interior manage over money reporting.
The county’s internet money placement, such as belongings, enhanced by $5.6 million and the fund harmony improved by $2.4 million in 2021.
“We know income tax has been robust in Douglas County,” claimed Supervisor Alan Jaques, chair of the administration committee.
“Overall, on a governmentwide basis, economic effects for 2021 have been beneficial,” Ganschow claimed.
Nevertheless, he explained in screening federal and point out plans, the auditors identified 1 reportable, but immaterial, instance of noncompliance in the human expert services division. He claimed auditors observed a single occasion wherever a vendor furnishing products and services in the children’s lengthy-term assistance software exceeded $10,000 with out a signed deal essential by the condition. He mentioned it was a simple oversight.
In speaking with the department administration, Ganschow said strategies are going to be place in location to mitigate the problem and the plan will be examined yet again upcoming year to ensure all those procedures are running as envisioned. He mentioned over and above that solitary challenge, the county is executing a good occupation managing federal and point out systems.
“Overall, monetarily for the county for this previous calendar year, in my head, I feel the county ended up in a very good economical placement based mostly on the economic climate and every little thing that was heading on,” Ganschow stated. “ … The fund equilibrium of the county is wholesome and is permitting it to soak up some of these … ebbs and flows in expenditures, as properly as funding. Is there plenty of there to remedy the all county’s troubles? I really don’t imagine any county has enough assets on hand to do that, but I imagine there is cushion there to fill in some holes where needed in the county’s spending budget.”
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