KPM audit on Greene County comes back clean

An external Greene County audit conducted by KPM CPAs PC found no problems with its financial processes.

The “unmodified” conclusion means the county has no material weaknesses or significant deficiencies in internal controls over financial reporting or major federal programs, making Greene County a low-risk auditee, according to the report released to Springfield Business Journal.

“This is the best opinion you can receive on your financial statements,” said Andrew Marmouget, a shareholder with KPM who conducted the audit, in the release. “Few others receive this designation; many of the audits I conduct have violations. It speaks well of Greene County.”

The audit shows the county’s revenue for the year ended Dec. 31 came to $112.3 million, a 1 percent increase from $111.1 million in the 2015 calendar year. During the same time period, expenses rose 6.6 percent to $106 million. The county’s assets as of Dec. 31 were $329.1 million, slightly below the same point in 2015.

Greene County Auditor Cindy Stein said the KPM audit results particularly benefit the county in terms of federal grant dollars.

“The clean audit allows the county to continue to participate in federal grant programs, enabling us to receive $3.7 million in 2016,” she said in the release.