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Lancaster County audit returns clean opinions; fund balance up $14 million
Summary
An independent audit for fiscal year ending June 30, 2025, delivered an unmodified (clean) opinion on Lancaster County’s financial statements and single-audit compliance, highlighted a $90 million total fund balance (about 13 months of spending) and one internal-control deficiency tied to year-end close adjustments.
Grant Davis, CPA, of Malden & Jenkins presented Lancaster County’s annual comprehensive financial report for the year ended June 30, 2025, and said the firm issued an unmodified (clean) opinion on the county’s financial statements and a clean opinion on single-audit compliance.
Davis told the council the county reported $503,000,000 in total assets and $227,000,000 in liabilities, producing a total fund balance of about $90,000,000 — roughly…
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