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County auditor issues clean opinion; fund balance up and debt down, board hears adjustments
Summary
External auditors issued an unmodified (clean) opinion on Beaufort County's FY23'FY24 financial statements, reporting a general fund balance of about $44.1 million and noting prior-period adjustments including ARPA reclassifications and lease accounting updates.
An independent auditor from Thompson, Price, Scott & Adams presented the county's FY23'FY24 audit and issued an unmodified opinion on the financial statements.
The auditor summarized key figures from the report: total general fund balance as of June 30, 2024, about $44,100,104; total general fund expenditures approximately $70.6 million; available fund balance at 53.79% in the presented…
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