Commentary
Five states were very delinquent in providing their audited financial statements for the fiscal year ending June 30, 2024: Arizona, Illinois, Mississippi, Nevada, and Oklahoma. Nevada wins the trophy for being the last to publish, with its field work completed on June 26, 2026. State Controller Andy Matthews blames a big portion of it on a commonly incurred delay due to the Enterprise Resource Planning software implementation. He expects the 2025 audit to be completed soon.
Now that these states have finally posted their annual comprehensive financial reports (ACFRs), we find some interesting movement. There is a new number one. The state of North Dakota has moved to the top of the list, replacing longtime leader Alaska. In 2016, North Dakota bumped Wyoming into third place and it has been in second place ever since. Near the bottom of the listing, Vermont dropped three places, making it one of the reasons California moved up one place….