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Lyon County board accepts clean audit, approves FY2025 comprehensive financial report
Summary
After a multi-hour review, the Board of Lyon County Commissioners approved the FY2025 audited comprehensive financial report and heard auditors say the statements "present fairly the results of operation and the financial position of Lyon County at June 30."
Lyon County commissioners on Dec. 18 approved the county’s FY2025 Annual Comprehensive Financial Report after a presentation by County Controller Josh Foley and the county’s external auditors.
Controller Josh Foley walked the board through the audited statements and the county’s major funds, saying the statement of net position shows roughly $130 million in governmental net position and about $126 million in business-type activities. Foley said unrestricted governmental net position shows a deficit in part because long‑term liabilities such as pensions are recorded even though the county will meet obligations from…
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