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Auditor gives Alamance County a clean opinion; notes minor compliance findings
Summary
County auditors issued an unmodified (clean) opinion on the 2024 financial statements, reported revenues of $209.3M and noted compliance findings that county staff say have corrective plans in place.
Martin Starnes and Associates presented Alamance County’s audited financial statements and delivered an unmodified (clean) opinion on the county’s 2024 financials.
The auditor reported general‑fund revenues of $209.3 million (a 3% increase) and expenditures of $206.5 million (about a 5% increase), with a total general‑fund balance of $96.9 million and an available fund balance of $80.7 million. The auditor noted the unassigned fund balance percentage fell to 19.87% (below the board’s internal 20% target) and explained that certain designations — including a $10 million designation for the courthouse project — affect that number.
The auditor detailed several compliance findings in social‑services and federal‑program testing, including issues in Medicaid, LIEAP, SNAP, foster care/adoption forms and mileage reimbursement rates. County staff said corrective plans are in place and that the county has already taken actions to remedy the matters. Commissioners discussed fund‑balance targets and staff noted the LGC comparison metrics and the board’s internal 20% target.
The presentation closed with auditors and finance staff answering questions about the findings and corrective actions; no formal vote was required on the audit presentation.
