HELENA, Mont. (AP) - An independent auditor has declared the state of Montana’s financial statements error-free.
The analysis by the Legislative Audit Division is usually a routine matter, as was the case again this year - after state officials put together a new accounting team to draft the state’s Comprehensive Financial Report.
The current audit covered a one-year period ending June 30, 2016. The ending balance of the General Fund, which is the state’s main operating account, was $271.3 million - $200 million less than a year before.
While the review is usually routine, embarrassing mistakes sometimes come up. An audit of the 2013-14 financial statements were riddled with errors, including missing zeros from large numbers, prompting the state to make changes to its accounting team.
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