Millville's fiscal 2025 audit reports differences between a quarterly report and the general ledger

Millville's independent auditor reported one instance of noncompliance with state law in the city's fiscal 2025 audit: a quarterly financial report given to the City Council did not match the city's general ledger. ^[1]

What the auditor found

The report cites state law 10-6-147, which it says requires financial reports to be prepared monthly or quarterly, reviewed by the governing body, and reconciled to the general ledger in total by fund. ^[1]

Jones Simkins LLC wrote that it reviewed the Dec. 31, 2024 quarterly financial report presented to the council on Jan. 9, 2025 and "noted differences" from the general ledger for the six months ended Dec. 31, 2024. The differences involved General Fund total revenues and water and sewer fund total revenues and expenses. ^[1]

The auditor recommended that management present the reports "after the general ledger for the month / quarter end has been properly closed out." It wrote that its opinion on state compliance "is not modified with respect to this matter." ^[1]

In the city's corrective action plan, a client-submitted document, management said it will present the reports after the general ledger has been closed out and "ensure that the corresponding financial reports reconcile back to the general ledger." ^[2]

The rest of the audit

The schedule of findings lists an unmodified report on the financial statements, no material weaknesses, no significant deficiencies and no findings required to be reported under Government Auditing Standards. ^[3]

The auditor also issued an unmodified opinion on compliance for the city's one major federal program, the U.S. Department of Agriculture's Water and Waste Disposal Systems for Rural Communities, and rated the city a low-risk auditee. ^[3]

The council's review

Two representatives of Jones Simkins presented draft audited financials at the council's Dec. 11, 2025 meeting, according to draft minutes in the Jan. 8, 2026 packet. ^[4]

The draft minutes say "the auditors also discussed again the noncompliance with the City Council quarterly budget reviews" and that "the reason for this noncompliance is that Millville City does not do monthly accruals." They say the auditors list it in the audit but that "it is not a material finding." ^[4]

Councilmember Grange moved to approve the fiscal 2025 audit report, "assuming no major changes were made before the draft version became the final version." Councilmember Ward seconded, and Councilmembers Ward, June, Grange and Zollinger voted yes, with Councilmember Wilker absent. ^[4]