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County auditor presents FY23–24 ACFR; board presses for clearer reserves tracking and quarterly budget reviews
Summary
Auditor highlighted FY23–24 audited financial results, Hall of Records insurance recovery, and the county's fund balance classifications; supervisors pushed for greater clarity on committed funds, procurement encumbrances and quarterly budget updates.
San Benito County’s auditor presented the final FY2023–24 Annual Comprehensive Financial Report (ACFR) May 12 and supervisors used the briefing to press for clearer tracking of reserves, committed funds and long‑term contract commitments.
Assistant Auditor-Controller Lianne Govines said independent auditors Eide Bailly issued an unmodified opinion on the ACFR, which was finalized Dec. 30, 2024. Govines summarized key items: general fund revenues rose about $7.6 million over the prior year (driven by a one‑time developer payment of about $6.1 million, $6.7 million in insurance recoveries tied to the Hall of Records fire, and roughly $3 million in combined tax and investment income increases). General fund…
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