Mecklenburg County receives unmodified audit; fund balance and revenue highlights reported

An external audit of Mecklenburg County for the fiscal year ending June 30, 2025, was presented to the Board of Supervisors and described as unmodified (clean), with no material weaknesses, significant deficiencies or noncompliance findings.

The presenter summarized key financial figures reported in the audit: a cash position around $129,700,000 as of June 30, 2025; a total fund balance of about $127,600,000; an unassigned fund balance of roughly $25,400,000; total all-funds revenues of approximately $142,000,000; general fund expenditures of about $66,000,000; and a net increase in the general fund balance near $7,500,000. Long-term debt was presented around $133,400,000, which included compensated absences and landfill obligations.

The presenter noted the audit followed U.S. government auditing standards and state requirements, and reported the county as a low-risk auditee with no matters to report. The presenter invited board members to request a deeper review in a separate session if desired.

Board members praised staff assistance with the audit and highlighted the county’s unassigned fund balance being approximately 23% of next year’s revenue (noted verbally), exceeding commonly cited reserve recommendations. The board did not record a roll-call vote for acceptance of the audit; the audit was presented and discussed and no objections were raised during the meeting.

The audit materials include detailed schedules and notes the presenter referenced (exhibits and page numbers in the audit packet). The presenter offered to return for a follow-up presentation if the board wanted more detail.