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Backup Documents 04/09/2024 Item #13AWell get you there. CPAs I CONSULTANTS I WEALTH ADVISORS Collier County, Florida Presentation of the 2023 Audit Results to the Board of County Commissioners April 9, 2024 02024 CliftonLars onAllen LLP. CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAizlobal.com/disclaimer. Investment advisory services are offered through Clifton LarsonAllen Wealth Advisors, LLC, an SEC -registered investment advisor. Services Performed 0 Financial Statements Audit of the County's Annual Comprehensive Financial Report (ACFR) for the year ended September 301 2023, in accordance with Go vernmen t Auditing Standards Federal Compliance Single Audit in accordance with Uniform Guidance Includes audit of the Schedule of Expenditures of Federal Awards and certification of the Data Collection Form State Compliance State Single Audit in accordance with Section 215.97, Florida Statutes and Chapter 10.550, Rules of the Auditor General Examination of compliance with applicable Florida Statutes for investments and E911 operations CAIV, ©2024 Clifton Lars o nAllen LLP _ 2 I nde pendent Auditors' Report I k? ZT, $Ten M 0 rz. Report on Internal Control Over Financial Reporting and On Compliance And Other Matters Based on an Audit of Financial Statements Performed in Accordance with GovernmentAuditing Standards (Yellow Book Report) IndependentAuditors' Report on Compliance for Each Major Federal Program and State Project and Report on Internal Control Over Compliance Required by the Uniform Guidance and Chapter 10.550, Rulesofthe Auditor General of the State of Florida (Single Audit Report) Ah Independent Accountants' Report on Compliance with specific Florida Statutes as required by Ch a pte r 10. 550 Rules of the Auditor General :10 Management Letteras required by Chapter 10.550 Rules of the Auditor General Governance Communication Lette r CPA, ©2024 Clifton Lars onAllen LLP _F 3 Results of Procedures • Independent Auditors' Report o Unmodified Opinion • Independent Auditors' Report on Internal Control o No reported findings • Single Audit Report- Federal Programs and State Projects o Qualified Opinions: • Highway Planningand Construction • National Infrastructure Investments Unmodified Opinions on the other programs and projects Management Letter No reported comments Best practices and suggestions for improvements and efficiencies verbally communicated Independent Accountants' Report Unmodified attestation opinion on compliance ©2024 Clifton LarsonAllen LLP _300 4 Communications to Governance Scope and timing of audit proceeded as planned Significant accounting policies are on accordance with generally accepted accounting principles and consistent with industry practices and standards No difficulties were encountered in performing the audit Significant risks were addressed as planned Single Audit Findings 2023 — 001—Highway PIanningand Construction —Equipment and Real Property —Material Weakness, Material Noncompliance 2023 — 002 —National Infrastructure Investments —Special Provisions —Davis Bacon Act —Material Weakness, Material Noncompliance 2023 — 003 —CDBG —Entitle mentGrantsCluster—Reporting—Significant Deficiency, OtherMatter(noncompliance) Management was very cooperative, helpful, and professional during the audit process —THANK YOU! ©2024 Clifton Lars onAllen LLP _ 0 5 2023 — Key Takeaways for the Board The County's Federal Grants and Testing of grants totalingover$64 Million State Projects Continue to be a •Disaster Grants(FEMA)—$23.8m •Coronavirus State and Local Fiscal Recovery Funds - Significant Area of Focus $23.5m The County implemented a significant accounting standard in 2023 — GASB Statement No. 96 — Subscription -Based Information Technology Arrangements (SBITA) 1W Financial Highlights 4TWFA1 ©2024 Clifton LarsonAllen LLP Governmental Activities —Increase in Net Position of $257.1 million Business -Type Activities —Increase in Net Position of $66.1 million General Fund— Increase in Fund Balance of $6.9 million Thank you again to everyone involved in the audit! Questions? Christopher Kessler, CPA Principal Chris.Kessler(&CLAconnect.com Alexandra Mitchell, CPA Manager Alex.MitchellPCLAconnect.com TCLAconnect.com WAW, IM 9j a a CPAs I CONSULTANTS I WEALTH ADVISORS ©2024CliftonLarsonAllenLLP.CLA(CliftonLarsonAllenLLP)isanindependent network memberofCLAGIobal.SeeC�L global.com/disclaimer. Investment a dvisory services are offered through CliftonLarsonAl len Wea Ith Advisors, LLC, an SEC -registered investment advisor.