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Auditors give Smith County a clean opinion; local commentator warns of unusually large reserves
Summary
The Smith County Commissioners Court received the fiscal year 2024 comprehensive annual financial report and was told auditors issued an unmodified (clean) opinion on the county’s financial statements.
The Smith County Commissioners Court received the county’s fiscal year 2024 comprehensive annual financial report (CAFR) and heard commentary from an outside reviewer urging closer scrutiny of the county’s fund balance.
Tom Fabry, a public commenter who identified himself during the meeting, drew the court’s attention to the general fund balance reported in the CAFR and said it totaled $56,400,000. “That’s the same amount…
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