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County audit: Patrick County receives unmodified FY2025 opinion; GASB change increases reported liabilities
Summary
Robinson Farmer Cox partner Scott Wickham told the board Jan. 12 that Patrick County received an unmodified opinion on its FY2025 financial statements and clean reports on federal testing; GASB implementation increased accrued‑leave liabilities (schools ~ $2.5M; county ~ $400K).
Robinson Farmer Cox partner Scott Wickham presented the county’s FY2025 audit results to the Board of Supervisors on Jan. 12 and reported an unmodified (clean) opinion on the financial statements.
Wickham explained that implementation of GASB guidance related to compensated absences (noted in the transcript as a GASB change) increased reported…
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