DEPARTMENT: Finance
FILE TYPE: Regular Information
TITLE
title
Update On 2025 Audit Results
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RESOLUTION
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Information only; no action requested.
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BACKGROUND
Based on Minnesota State Statutes, the Minnesota Office of the State Auditor, and other stakeholders, the County is required to have an annual audit in accordance with Generally Accepted Accounting Principles (GAAP) as well as Government Auditing Standards issued by the Comptroller General of the United States. Also, as the County expended over $1,000,000 of federal awards, the County had a single audit conducted in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Finally, Pursuant to Minnesota Statute 6.65, the Minnesota Office of the State Auditor requires that the County has a legal compliance audit completed annually in accordance with the Minnesota Office of the State Auditor’s Legal Compliance Audit Guide for Counties. The County has contracted with CliftonLarsonAllen LLP (CLA) to conduct these audits.
CLA will present an overview of the County’s 2025 audit written findings related to internal controls over the financial statements, major single audit programs, and the Minnesota Office of the State Auditor’s Legal Compliance Audit Guide for Counties. CLA will also present the County’s 2025 financial results and discuss the County’s financial health.
RECOMMENDATION
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Information only; no action requested.
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FINANCIAL AND STAFFING IMPACTS
None. The presentation of the 2025 audit results is for information only.
PREVIOUS BOARD ACTION
None.
ATTACHMENTS
Attachment: Presentation Slides
CONTACT
Department Director: Will Wallo
Author: Lucas Chase