POSITIVE OPINION for Rockingham County Government's Financial Audit
 
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Posted on Thursday February 07, 2019
 
Audit ensures finances are in accurate accordance with financial reporting & risk assessment to provide value & credibility.
 
Tom McNeish, CPA, with Elliot Davis PLLC, gave an overview of Rockingham County Government’s Fiscal Year (FY) 2017-2018 Financial Audit.  During his Jan. 22nd, slide presentation to Rockingham County Commissioners, at the Governmental Center in Wentworth, he provided an objective, independent evaluation of Rockingham County Government’s annual financial report and internal control processes. 

McNeish said the good news was that the Elliott Davis Firm expressed “an unmodified opinion on the County’s financial statements, that’s where you want to be, in other words a clean opinion.”  The County is in compliance on internal control over financial reporting and regarding each major federal (and state) program.  

Commissioners appreciated the positive audit and Commissioner Charlie Hall said, “for the volume of money we’re dealing with, it sounds like staff has done a very good job keeping things together.”

County Manager Lance Metzler applauded Financial Services Director Patricia Galloway and staff, saying:  “her staff works endlessly making sure that citizens funds are treated like their own funds. I applaud Pat, Kelly, Justin and the whole staff for such a great job.”

In regards to the general fund with revenues of $86.4 million; it decreased by $3.1 million from the prior year, and was below budget by $4.9 million. The $79.2 million in expenditures decreased by $4.2 million from the prior year, and was below budget by $13.4 million.  The decrease in revenues and expenditures was mainly due to a State decision to transfer the direct benefit payments of certain Health and Human Services programs from counties to the State.    After net transfers out of $5 million, an increase in fund balance of $2.2 million was achieved.  


Rockingham County fared well with its fund balance per the litmus test or recommendations by the General Finance Officers Association (GFOA); Local Government Commission (LGC); and Rockingham County’s Fund Balance Policy.  McNeish’s financial statement also highlighted the water fund, sewer fund, landfill fund, and audit findings. 

The annual audit is significant for County Commissioners to rest assured that County finances are in accurate accordance with financial reporting and risk assessment to provide value and credibility.    

 

 Rockingham County North Carolina
Contact Us
Rockingham County Government
371 NC Hwy 65
Reidsville NC 27320
Phone: 336.342.8100
Fax: 336.342.8105
 
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