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Auditors issue clean opinion on Campbell County FY25 finances; fund balance rises about $8.6M
Summary
External auditors Robertson Farmer Cox issued an unmodified (clean) opinion on Campbell County’s FY ending 06/30/2025 financial statements, reporting total fund balance of $85.8M (unassigned $49.7M) and an approximate $8.6M increase in fund balance for FY25; no audit findings or material weaknesses were reported.
Robertson Farmer Cox presented Campbell County’s fiscal year 2025 audit and delivered a clean (unmodified) opinion on the county’s financial statements.
Zach Hytes, the audit presenter, told the board that total fund balance was $85,800,000 as of June 30, 2025, with an unassigned portion of $49,700,000. The county reported an increase in fund balance of about $8,600,000 for FY25, Hytes said. He also reported no uncorrected misstatements, no difficulties encountered during the audit and no audit findings or material weaknesses in internal control for FY25.
Board members asked follow‑up questions about contingencies, litigation and the county’s bond ratings; staff confirmed the county maintains a strong rating (reported as ‘Double A’ in the discussion). Hytes said management is responsible for accounting policies and that the auditor’s role was to test controls and verify appropriate application of accounting principles.
What the board will do next: Staff and the auditor did not identify any items requiring corrective action. The board thanked the audit team and moved on to the next agenda items.
