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External auditors report unmodified opinion expected; county fund balance declined by about $8 million in fiscal year
Summary
External auditors told the Cayuga County Legislature they expect to issue a clean audit opinion but cautioned that the county used about $8 million of fund balance in the last year and that expenditures have been increasing faster than revenues.
Luke Malecki, engagement partner from the county’s external audit firm, and Amy (presenter surname not provided) briefed the Cayuga County Legislature on the status and results of the county audit. Malecki said auditors expect an unmodified (clean) opinion on the financial statements once outstanding foster‑care case files and a few component‑unit items are finalized, likely by September.
The auditors reported that heading into January 2024 the county’s total fund balance stood at about $42.1 million; during the fiscal…
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