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Auditor: Caldwell County posts clean FY2025 results but water capital ratio flagged
Summary
Martin Starnes & Associates presented Caldwell County's FY2025 audit reporting no material weaknesses, revenues of $98.6 million, expenditures of $100 million, and a water capital assets condition ratio of 23% (below the LGC threshold of 50%) that requires a written corrective action within 60 days.
Martin Starnes & Associates presented the county's fiscal year 2025 audit to the Board of Commissioners on Jan. 26. The auditor reported a clean/modified opinion and said there were "no material weaknesses, no significant deficiency."
The presentation said general fund revenues totaled $98.6 million in 2025 and were $923,000 over budget, while expenditures were reported at $100 million. Property tax revenue accounted for roughly 57% of the county's total revenue; restricted intergovernmental…
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