Wythe County accepts 2025 audit, auditor flags reconciliation and control gaps
January 31, 2026 | Wythe County, Virginia
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The Wythe County Board of Supervisors voted Jan. 27 to accept the county'025 audit after a presentation from auditor Corbin Stone, who said the financial statements received an unqualified opinion but noted several control weaknesses the board should address.
Stone told the board the audit report is largely clean but flagged three findings in the report
nd recommended corrective steps. "We did receive what we call an unqualified opinion," Stone said, adding that auditors recommended journal entries to align the books with Governmental Accounting Standards Board reporting and that bank reconciliations did not tie to the ledgers.
Why it matters: An unqualified opinion indicates auditors believe the statements present fairly in all material respects, but the findings point to internal-control gaps that could lead to misstated balances or missed revenue. Stone said auditors found a duplicated revenue posting of about $114,000 that, when corrected, left only a small variance, and he recommended monthly reconciliations and additional staff support for the treasurer's office.
Board members asked follow-up questions about public-service corporation assessments, pension contribution testing, and the practical effects of moving some accounting tasks to cash-basis reporting. Stone noted the county's long-term obligations remain manageable and said unrestricted general-fund balances were strong relative to long-term debt.
The board moved to accept the audit after the presentation. A roll-call vote followed and the audit was recorded as accepted as presented; the board also directed staff to pursue the recommended reconciliations and internal-control improvements.
What comes next: County staff and the treasurer
re expected to implement Stone's reconciliation recommendations and post the suggested adjusting journal entries; supervisors discussed asking for additional staff assistance to ensure monthly bank and billing reconciliations go through the year.
Stone told the board the audit report is largely clean but flagged three findings in the report
nd recommended corrective steps. "We did receive what we call an unqualified opinion," Stone said, adding that auditors recommended journal entries to align the books with Governmental Accounting Standards Board reporting and that bank reconciliations did not tie to the ledgers.
Why it matters: An unqualified opinion indicates auditors believe the statements present fairly in all material respects, but the findings point to internal-control gaps that could lead to misstated balances or missed revenue. Stone said auditors found a duplicated revenue posting of about $114,000 that, when corrected, left only a small variance, and he recommended monthly reconciliations and additional staff support for the treasurer's office.
Board members asked follow-up questions about public-service corporation assessments, pension contribution testing, and the practical effects of moving some accounting tasks to cash-basis reporting. Stone noted the county's long-term obligations remain manageable and said unrestricted general-fund balances were strong relative to long-term debt.
The board moved to accept the audit after the presentation. A roll-call vote followed and the audit was recorded as accepted as presented; the board also directed staff to pursue the recommended reconciliations and internal-control improvements.
What comes next: County staff and the treasurer
re expected to implement Stone's reconciliation recommendations and post the suggested adjusting journal entries; supervisors discussed asking for additional staff assistance to ensure monthly bank and billing reconciliations go through the year.
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