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Osceola County auditors issue unmodified opinion on FY2024 financial statements
Summary
County staff and external auditors presented the fiscal year 2024 annual comprehensive financial report and audit to the Board of County Commissioners; auditors issued unmodified opinions and highlighted strong fiscal controls and a healthy county financial position despite pension and debt-related liabilities.
Leslie Felix, Osceola County financial services director, and external auditors presented the annual comprehensive financial report and the county's audit for the fiscal year ended Sept. 30, 2024, to the Board of County Commissioners on March 3.
Felix summarized key figures from the report, saying the county's total assets and deferred outflows countywide were $3,700,000,000, of which $2,000,000,000 were capital assets net of depreciation. She said total liabilities were "just under $1,300,000,000" and cited $5,643,000,000 in bonds payable as a component discussed in the report. Felix told the board that governmental unrestricted net position remained negative primarily because of the Florida Retirement System pension…
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