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Auditor gives Middlesex County an unmodified opinion; supervisors accept FY24 audit
Summary
The county’s external auditor reported an unmodified (clean) opinion on the FY24 financial statements, highlighted the new airport proprietary fund presentation and reviewed long‑term debt and fund balances. The Board voted to accept the audit.
Robinson Farmer Cox partner Jay told the Middlesex County Board of Supervisors that the firm would issue an unmodified opinion on the county’s FY24 financial statements and walked the board through major exhibits, including changes to how the airport is reported.
“We are giving the county what’s called a unmodified opinion,” Jay told the board, describing that as “the best opinion that we can give for financial statements.” He said auditors restated beginning balances to move airport assets into a newly created proprietary (enterprise) fund; that change removed about $1.35 million from government activities and improved transparency by showing the airport as a standalone fund.
Key figures Jay presented: government‑wide net position for government activities was about $23.6 million, a decrease of roughly $300,000 from the prior year after state pension and OPEB adjustments; the county’s governmental fund balance increased by roughly $300,000 to about $19 million; and unassigned fund balance stood around $17.4 million. Jay said long‑term debt totals were roughly $9 million for the county and $7.6 million for the school board, and that debt schedules show payments stretching to the 2040s.
Jay said the audit disclosed no findings for internal controls or federal compliance. He noted the county is treated as a low‑risk auditee for federal awards and that the auditors tested more than required: federal expenditures audited for FY24 (county and schools combined) were about $4.1 million.
Motion and vote: Supervisor Andy Crittendon moved and Supervisor Bill Harris seconded that the board accept the audit. Roll call was unanimous in favor; the board accepted the FY24 audit and authorized staff to file required reports.
Background and next steps: Auditor Jay told the board staff and school finance teams were cooperative and commended the county for no findings. The board will use the audit presentations and schedules as it prepares the upcoming budget; the audit will also include the airport fund exhibits beginning with this year’s financial statements.
