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Caldwell County auditors report healthy reserves, minimal pension liability in FY2023 audit

Caldwell County Commissioners Court · December 23, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Armstrong Vaughn & Associates presented Caldwell County’s FY2023 audit Dec. 23, reporting roughly $75.4M in total assets, ~$30M unrestricted net position and a funded pension position with a $173,950 net pension liability; the court approved the audit.

Debbie Frazier, an auditor with Armstrong Vaughn & Associates, presented Caldwell County’s FY2023 financial audit to the Commissioners Court on Dec. 23, 2024, concluding that “after adjustments, your financial statement is fairly stated and materially correct.”

Frazier told the court the county reported roughly $75.4 million in total assets, with about $37–38 million in cash and investments. She said total liabilities were about $25.6 million,…

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