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An independent review of the Park County government’s finances again found no significant problems.
The annual audit — performed by Carver, Florek and James, CPAs of Sheridan and …
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An independent review of the Park County government’s finances again found no significant problems.
The annual audit — performed by Carver, Florek and James, CPAs of Sheridan and completed last month — generally indicated that the county has its financial affairs in order.
“We have a lot of confidence in our clerk, treasurer and their staff, but it’s nice to have an independent third party come in and say that our programs are tight,” Commissioner Jake Fulkerson said at a Dec. 17 meeting. “We appreciate that affirmation.”
In reviewing the county’s books for the July 1, 2018 to June 30, 2019 fiscal year, Carver, Florek and James found no material weaknesses or significant deficiencies. It was the fourth straight year that the county has passed the audit with no major issues.
The auditors did bring a couple smaller concerns to the commissioners’ attention, including a less than significant “deficiency” with the Park County Parks and Recreation Board. Carver, Florek and James noted that the treasurer of the Parks and Rec board was being tasked with both reconciling the board’s monthly statements and serving as a signer on the board’s bank account; they said the treasurer should no longer be a signer.
“However, we recognize that given the [small] size of the entity, issues like these are difficult to avoid,” the CPAs wrote. They encouraged commissioners to work with the board to implement controls to mitigate the risk of misuse or error.
Carver, Florek and James also found 16 checks that remained pending more than a year after being issued by the county. The auditors recommended that county officials follow up on those checks, possibly by reissuing them or by turning the funds over to the state’s Unclaimed Property Division.
The audit noted that, with $23.76 million worth of revenues and $24.65 million worth of expenditures in its general fund, Park County ran a roughly $795,500 deficit over the course of the 2018-19 fiscal year.
The auditors also found that the county had a net value of $56.6 million in capital assets, down about $300,000 from the previous year.
