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County auditor reports clean 2024 opinion; warns human services deficit and rising debt
Summary
An external auditor told the Manitowoc County Board the 2024 financial statements received an unmodified opinion and that general fund reserves rose modestly, but the county faces a growing human services deficit and higher outstanding debt after 2024 borrowing.
An external auditor told the Manitowoc County Board on Oct. 23 that Manitowoc County's 2024 financial statements received an unmodified (clean) opinion and detailed fund balances, special revenue accounts and long‑term debt.
Brian Grunewald, the auditor who presented the annual report, said the opinion — the highest level of assurance in an audit — indicates the financial statements are complete and in accordance with professional standards. He also noted the county continues to earn the Government Finance Officers Association award for financial reporting.
Grunewald reviewed the county's general fund and reserve categories, saying the total general fund balance rose from about $5.3 million at the end of 2023 to about $5.6 million at the end of…
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