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Rowan County auditor issues clean opinion on FY2024; commissioners approve Local Government Commission response letter
Summary
An auditor told the Rowan County Board of Commissioners on Jan. 6 that the county—s fiscal year 2024 financial statements received an unmodified (clean) opinion. The presentation highlighted large fund-balance increases, capital spending on public safety and a required written response to the Local Government Commission, which the board approved.
Tanya Thompson, an auditor from the county—s audit firm, told the Rowan County Board of Commissioners on Jan. 6, 2025, that the auditor—s report for fiscal year 2024 received an unmodified (clean) opinion: "we believe these are the correct numbers," Thompson said.
Thompson presented key measures of the county—s financial health, saying revenues rose by about $24.5 million over the prior year and expenditures rose by about $16.4 million. She said the general-fund ending fund balance increased to a little more than $154,000,000 and that a statutory calculation of available fund balance rose to 71.1% of net expenditures, well above the Local Government Commission—s monitoring benchmark for counties of the same size (16%).
The presentation attributed the revenue and expenditure changes…
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