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Northern Nye trustees accept FY 2023–24 audit showing improved fund balance
Summary
Trustees accepted the audit for the year ending June 30, 2024, which reported a clean opinion and a higher-than-expected ending fund balance; the motion passed 4-0.
The Northern Nye County Hospital District Board of Trustees unanimously accepted the audit report for the fiscal year ended June 30, 2024, on March 27, 2025.
Auditor Dan MacArthur presented the report, telling trustees the auditors issued an unmodified (clean) opinion: “In our opinion, the financial statements referred to above present fairly in all material respects…” MacArthur highlighted key budget-to-actual items: property tax receipts came in higher than budgeted (budgeted about $573,000, actual roughly $635,000), net-proceeds revenue exceeded budget (budget $10,000, actual about $105,000), and investment income came in above budget (budget $5,000, actual $55,000). On the expenditure side, total budgeted expenditures were approximately $1,164,000 with actual expenditures about $756,000, yielding the district under budget overall.
MacArthur noted the budget had anticipated an ending fund balance of roughly $197,000, while the audit shows an actual ending fund balance of about $1,157,000 and a change in net position (profit) for the year of $39,284. He said there were no compliance findings for the current year; a prior-year compliance finding was reported as corrected.
After brief public comment thanking the auditor for the clear presentation, a trustee moved to accept the audit and the board approved the motion 4-0.
The acceptance of the audit will allow the district to proceed with regular financial planning and was referenced by trustees during the later discussion about clinic funding and the HRSA grant for the old hospital property.
