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Union County audit returns clean opinion; water and sewer metrics show improvement
Summary
An independent audit gave Union County an unmodified (clean) opinion on its FY2024 financial statements. County leaders highlighted improved water and sewer asset condition and stronger cash ratios while finance staff recommended holding some unassigned general-fund balance to cover a recurring three-month sales-tax timing gap for school debt.
Union County officials received an unmodified (clean) audit opinion for the fiscal year 2024 comprehensive annual financial report at the Board of Commissioners meeting on Jan. 21, 2025.
The audit presentation by Dan Gaugherty, audit director at Cherry Bekaert, said the firm issued unmodified opinions on the county’s financial statements and found no material weaknesses or significant deficiencies. “We issued unmodified opinions in all cases,” Gaugherty said during the presentation.
County Chief Financial Officer Beverly Lyles walked commissioners through major year‑over‑year changes and operational implications. The county’s government‑wide net position totaled about $421 million at June 30, 2024, a decrease of roughly $11 million from the prior year, Lyles said. Cash and investments declined by about $76 million as bond proceeds were spent on capital projects, and capital assets rose by about $25 million, driven in part by the Southwest Regional Library and the completion of the Yadkin regional water plant and intake.
The auditor and…
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