4/20/21 @ 2:00 p.m. - At the Wednesday, March 17th meeting, Ron Whitesides, Independent Auditor for Purvis Gray, presented the annual audit for Fiscal Year 2019/2020 which ended September 30, 2020. This outside firm spends about 4 weeks each year studying the Board's controls and processes to ensure they are appropriate and functioning properly.
Mr. Whitesides reported that Nassau County has received an "Unmodified Opinion" which is the highest level of assurance that an audit firm can provide on a County's financial statements.
He stated, "The County has to track quite a few metrics on managing its financing. Examples include tracking compliance on budget, compliance with the Board's adopted Purchasing Policy, Use of Restricted Funds, and compliance with State Statutes. I'm pleased to report that based on the testing, we have no significant issues that were uncovered during the audit".
Mr. Whitesides also stated that the firm also conducted Federal and State Single Audits this year to look closely at Coronavirus, Aid, Relief and Economic Security (CARES) Act Funding to ensure the County complied with U.S. Treasury Regulations. "I am pleased to report that the County did those things (what was required by the Federal Government). The CARES Program was challenging because the funds became available before the rules were fully developed on how those funds could be used. The County team, along with your consultant, did a good job in guiding that process and getting those funds dispersed for their intended purposes in a timely manner".
To view Mr. Whitesides presentation, please click here.
-Sabrina Robertson
Public Information Officer
Mr. Whitesides reported that Nassau County has received an "Unmodified Opinion" which is the highest level of assurance that an audit firm can provide on a County's financial statements.
He stated, "The County has to track quite a few metrics on managing its financing. Examples include tracking compliance on budget, compliance with the Board's adopted Purchasing Policy, Use of Restricted Funds, and compliance with State Statutes. I'm pleased to report that based on the testing, we have no significant issues that were uncovered during the audit".
Mr. Whitesides also stated that the firm also conducted Federal and State Single Audits this year to look closely at Coronavirus, Aid, Relief and Economic Security (CARES) Act Funding to ensure the County complied with U.S. Treasury Regulations. "I am pleased to report that the County did those things (what was required by the Federal Government). The CARES Program was challenging because the funds became available before the rules were fully developed on how those funds could be used. The County team, along with your consultant, did a good job in guiding that process and getting those funds dispersed for their intended purposes in a timely manner".
To view Mr. Whitesides presentation, please click here.
-Sabrina Robertson
Public Information Officer
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