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Independent auditors give Lexington County unmodified opinion; transfers to capital projects leave planned overall deficit
Summary
At the Feb. 11 Lexington County Council meeting, auditor Bill Hancock of the Brittingham Group delivered the county's annual audit, reporting an unmodified opinion, a $3.3 million positive variance in operations and a planned overall deficit of about $16–17 million driven by transfers to capital projects.
Bill Hancock, partner at the Brittingham Group, told the Lexington County Council on Feb. 11 that his firm issued an unmodified (clean) opinion on the county’s 2023–24 financial statements.
Hancock said the audit found no material weaknesses in internal control and no instances of noncompliance with laws, regulations or grant requirements. “If there had been some problems along the way, we would have been discussing them before now,” Hancock told the council.
The audit shows the county ended the fiscal year with about $3,300,000 in positive operating results but recorded an overall deficit of roughly…
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