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County Auditor Reports $4M Federal Funding and Bank Reconciliation Issues

October 02, 2025 | Surry County, Virginia


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County Auditor Reports $4M Federal Funding and Bank Reconciliation Issues
Surry County officials are addressing a significant finding from the recent auditor's report, which highlighted issues with bank reconciliations. During the Board of Supervisors meeting on October 2, 2025, it was revealed that the county had received approximately $4 million in federal funding for the fiscal year 2024, with no compliance issues reported for the major programs audited. However, the county is not classified as low risk due to previous findings in at least one of the past two years.

The auditor's report pointed out that bank accounts were not reconciled in a timely manner, specifically noting that the June 2024 bank account reconciliation was delayed until July or August 2025. This delay raises concerns about the county's financial management practices and could impact future funding and oversight.

The Board is expected to discuss strategies to address these findings and improve financial processes moving forward. The implications of these discussions are crucial for maintaining transparency and accountability in the county's financial operations. As the Board works to resolve these issues, the community will be watching closely to ensure that effective measures are implemented.

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Scribe from Workplace AI
Scribe from Workplace AI