Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the County Audit topic
No spam. Unsubscribe anytime.
County auditors report anticipated clean opinions; commissioners approve response to Local Government Commission concerns
Summary
External auditors said Moore County's fiscal 2025 audits are expected to receive unmodified (clean) opinions and identified two financial-performance indicators requiring a formal response: planned use of fund balance and a capital-asset-condition ratio under 50% for enterprise funds. The board approved signing the required response to the auditors and LGC.
Leanne Fagasala, partner at Maldives and Jenkins, presented the anticipated results of the county's June 30, 2025 audit at the Dec. 1 meeting, reporting that fieldwork is complete and that auditors expect to issue unmodified ("clean") opinions on the county's financial statements and related entities, including the Moore County Convention and Visitors Bureau and the airport authority.
"The anticipated opinion that we will issue is an unmodified or a clean audit opinion over the basic financial statements," Leanne Fagasala said, and added that grant compliance testing for major federal and state programs also produced anticipated unmodified opinions and no material weaknesses.
Auditors noted two items requiring the county's formal response to the Local Government Commission. First, the county used fund balance in the general fund during the year (a planned use tied to a prior-year budget decision to reduce property taxes). Second, an enterprise-fund capital-asset-condition ratio remained below 50 percent (the county improved from about 42% to 46%). Staff described planned capital investments and monitoring to move that ratio toward target, including ongoing sewer and water projects and a DEQ asset-inventory assessment expected to complete in mid-2026.
County staff and the board moved to approve and sign the response letter to the auditors and the LGC, acknowledging the findings and describing the county's planned steps to address the indicators; the motion carried on voice vote.
What happens next: Auditors will issue the formal reports now that the federal compliance supplement has been released; the board's signed response will be submitted to the Local Government Commission as required.
