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Pitt County posts clean FY2025 audit; available fund balance rises
Summary
County auditors gave Pitt County an unmodified (clean) opinion for fiscal year 2025 and reported an available general fund balance of about $90.9 million, an increase from the prior year, though the compliance portion remains draft pending a federal supplement.
Auditors from Martin Starnes and Associates presented Pitt County’s audited financial statements for fiscal year 2025 at the Dec. 15 Board of Commissioners meeting and reported an unmodified opinion, commonly described as a clean audit.
The audit presentation showed a total general fund balance of about $105.6 million and an available fund balance of approximately $90.9 million, an increase of roughly $11.9 million from the prior year. The county’s general fund revenues totaled about $216.7 million for the year, with property taxes accounting for roughly 62% of that revenue.
Auditors noted the audit presentation is draft-only at this time because a federal government delay affected the compliance supplement required to finalize the compliance portion of the audit; the Local Government Commission has extended the deadline through Feb. 12. The auditors thanked county staff for providing timely and accurate information during the process.
Major expenditure categories in the general fund included education (about 31% of major expenditures), public safety (about 28%) and human services (about 27%). Auditors flagged a finding for the foster care adoption and guardianship program involving two cases that lacked adequate documentation to support eligibility determinations; the county will submit required corrective action documentation to the Local Government Commission.
Finance director Michael Hardy reviewed the November monthly financial report, reporting that year-to-date general fund revenues were about 48% of the budget and expenditures about 38%. He reported solid waste and EMS funds are in healthy positions and described timing differences that affect year-to-date percentages.
What happens next: The audit will be finalized when the compliance supplement is received and staff will submit required corrective action documentation for the foster care finding.
