County auditor gives Fluvanna a clean opinion on FY25 financial statements; one internal control finding noted

The county’s independent auditors, Robinson Farmer Cox (RFC), presented the results of the FY25 audit to the Fluvanna County Board of Supervisors on Dec. 17. David Foley, partner with RFC, told the board the auditors issued an unmodified (clean) opinion on the county’s financial statements for the year ending June 30, 2025.

Foley summarized the audit program: financial statement testing under GAAP, internal control review under Government Auditing Standards, and federal compliance testing under uniform guidance (single audit). RFC reported one finding in internal control related to FUSDI billings; details are in the schedule of findings section of the comprehensive annual financial report (ACFR). The auditors reported no instances of noncompliance for major federal programs and no material weaknesses in internal control for federal compliance testing.

County staff reported FY25 totals and fund balance movements during the accompanying presentation: the FY25 adopted budget’s total expenditures were shown in charts; general fund revenues were led by property tax collections; final FY25 revenues were reported near $68.5 million, expenditures about $62.4 million and an ending fund balance of $41.7 million (down from $43.6 million at the start of the year), reflecting CIP and previously approved capital spending.

Board members thanked the auditor and county finance staff. The audit’s clean opinion is a routine but important confirmation that the county’s statements were presented according to generally accepted accounting principles and that federal program compliance testing raised no major concerns.