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Auditor presents FY2025 draft comprehensive financial report; county reports strong fund balances
Summary
Robinson, Farmer & Cox presented Louisa County’s FY2025 draft Annual Comprehensive Financial Report, expecting an unmodified opinion. Combined governmental fund balances were reported at roughly $226.5 million, with the general fund a little over $100 million and an increase of about $94.5 million attributed to property‑tax collections and one‑time proceeds.
The county’s external auditors from Robinson, Farmer & Cox presented the FY2025 draft Annual Comprehensive Financial Report (ACFR) at the Dec. 1 meeting and said they expect to issue an unmodified opinion once the federal uniform guidance supplement and accounting adjustments are incorporated.
The auditors and staff highlighted several financial items: combined governmental fund balances…
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