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York County receives unmodified opinion on 2024 audit; reserves, AAA rating highlighted
Summary
Auditors from Elliot Davis presented an unmodified opinion on York County's 2024 financial statements, noting strong reserves, increased net position and continued AAA credit rating; council heard details about revenues, fund balances and a new GASB accounting rule.
York County Council heard a presentation of the county's fiscal year 2024 audited financial statements and related compliance testing on Jan. 6, 2025. Elliot Davis, the county's independent auditor, told the council the firm issued an unmodified opinion on the financial statements and on federal grant compliance.
The audit firm's presentation summarized key figures: a year-over-year increase in total net position of about $135 million, current-year revenues of roughly $400 million against expenses of about $265 million, and an unrestricted government-wide net position of approximately $96 million. Elliot Davis also reported combined…
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