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2025-08-26-minutes-finance-study-session
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2025-10-07 10:00 AM - Commissioners' Agenda
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2025-08-26-minutes-finance-study-session
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Last modified
10/2/2025 3:46:58 PM
Creation date
10/2/2025 3:44:53 PM
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Meeting
Date
10/7/2025
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Item
Approve Minutes
Order
1
Placement
Consent Agenda
Row ID
136417
Type
Minutes
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Although our audit is not designed to provide an opinion on the effectiveness of internal control over <br />financial reporting, we are required to report any identified significant deficiencies and material <br />weaknesses in controls. We are also required to report instances of fraud and noncompliance with <br />provisions of laws, regulations, contracts, and grant agreements that could have a direct and material <br />effect on the accuracy of financial statements. <br />A financial statement audit also includes evaluating the appropriateness of accounting policies used <br />and the reasonableness of significant accounting estimates made by management, as well as evaluating <br />the overall presentation of the financial statements_ <br />All misstatements identified by the audit will be discussed with management. Material misstatements <br />corrected by management and all uncorrected misstatements will be communicated at the exit <br />conference, as required by professional auditing standards. <br />Our responsibility is to express in a written report an opinion on the financial statements based on the <br />results of our audit. We cannot guarantee an unmodified opinion. We may modify or disclaim an <br />opinion on the financial statements if we are unable to complete the audit or obtain sufficient and <br />appropriate audit evidence supporting the financial statements. if our opinion is other than unmodified, <br />we will fully discuss the reason with you prior to issuing our report. Further, in accordance with <br />professional standards, we may add emphasis -of -matter or other -matter paragraphs to our report to <br />describe information that, in our judgment, is relevant to understanding the financial statements or our <br />audit. <br />We will also issue a written report (that does not include an opinion) on issues identified during the <br />audit related to internal control over financial reporting and on compliance with the provisions of laws, <br />regulations, contracts, and grant agreements, noncompliance with which could have a material effect <br />on the financial statements as required by Government Auditing Standards. <br />The County prepares supplementary information that accompanies the financial statements, which is <br />required by Generally Accepted Accounting Principles. We agree to perform auditing procedures on <br />this information, with the objective of expressing an opinion as to whether it is fairly stated, in all <br />material respects, in relation to the financial statements taken as a whole. <br />The County also prepares other information to accompany the financial statements, which is required <br />by accounting standards or is done at its discretion. We will perform limited procedures on this <br />information for the purpose of identifying inconsistencies with the financial statements. However, we <br />will not express an opinion on its fair presentation. <br />Federal Singfe Audit <br />We will also perform a federal single audit on compliance with, and report on internal control over <br />compliance for, each major program for the fiscal year ended December 31, 2024, in accordance with <br />auditing standards generally accepted in the United States of America; the standards applicable to <br />financial audits contained in Government Auditing Standards, issued by the Comptroller General of <br />the United States; and Title 2 U.S Code of Federal Regulations Part 200, Uniform Administrative <br />Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). <br />Those standards and the Uniform Guidance require that we plan and perform the audit to obtain <br />reasonable assurance about whether noncompliance with the types of compliance requirements that <br />could have a direct and material effect on a major federal program occurred. An audit includes <br />examining, on a test basis, evidence about compliance with those requirements and performing such <br />
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