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County auditor reports FY2024 net position rose to about $93.2 million; single audit unmodified
Summary
LarsonAllen auditor Annie Cook told the Vermilion County Board auditors issued unmodified opinions on the financial statements and single audit, reported a net position increase to about $93.2 million, flagged an adjustment to financial statement preparation and noted ARPA spending and pension liability swings.
Annie Cook of LarsonAllen presented the county’s fiscal‑year 2024 audit and governance letter, telling the Vermilion County Board that auditors issued unmodified opinions on both the financial statements and the single audit of federal programs. Cook said the county’s total net position across funds was about $93.2 million at year‑end, an increase of roughly $7.3 million from the prior year.
Cook said total…
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