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Surry County auditor issues unmodified opinion on FY 2024 financial statements; board moved to accept report
Summary
Audit partner presented the FY 2024 annual comprehensive financial report, noting an unmodified opinion, a year-over-year increase in net assets, a drop in unrestricted cash, and a repeated finding on untimely bank reconciliations. A motion to approve the report was made and seconded; the transcript does not record a roll-call vote.
Robinson Farmer Cox presented Surry County’s fiscal year 2024 Annual Comprehensive Financial Report and issued an unmodified audit opinion, indicating the firm concluded that the county’s financial statements were materially correct.
Jay (partner, Robinson Farmer Cox) told the board the primary government showed roughly $33.2 million in net assets on an accrual basis, about $4.8 million more than the prior year. On a fund-basis (exhibit 3), the county’s fund balance was about $26.85 million at fiscal year-end 2024, down about $1.5 million from the prior year. Unassigned fund balance was approximately $10.7 million, essentially unchanged year over…
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