Aug 11, 2026BoardMeeting
BoardSt. Croix County Administration Committee Administration Committee Meeting
The committee received a presentation on the 2026 audit report, which resulted in an unmodified, clean opinion on the financial statements. Key discussion topics included the county's internal control structure, with specific mention of recurring material audit adjustments and limited segregation of duties within smaller departments. The presentation covered compliance audit results regarding federal and state funding, as well as an analysis of the general fund's financial health, reserves, and the addition of new lease receivables. Furthermore, the committee reviewed the status of special revenue funds, debt service obligations, and the financial performance of enterprise funds, including the highway department and the healthcare campus.