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Guadalupe County receives clean audit and approves FY2024 comprehensive financial report
Summary
Auditor Weaver, LLP gave Guadalupe County an unmodified (clean) opinion and noted no material weaknesses for the fiscal year ended Sept. 30, 2024; the court approved the annual comprehensive financial report and single audit 3-0 and county staff highlighted an unassigned fund balance of about $45.6 million.
Guadalupe County's external auditor, Weaver, LLP, presented the county's annual comprehensive financial report (ACFR) and federal/state single audit for the fiscal year ended Sept. 30, 2024, and delivered an unmodified (clean) opinion.
Rebecca Goldstein Darling, a partner with Weaver, said there were "no uncorrected or corrected misstatements" and no material weaknesses or independence issues to report; she described the ACFR and single-audit results as a clean audit. When asked for a plain-language grade, Darling said, "I would say an A," and reiterated that an unmodified opinion is the best outcome for an audit.
County leaders and the treasurer discussed the county's fund balance and reserves. The treasurer described an unassigned fund balance of roughly $45.6 million (about 5.5 months of operating revenue against a general fund budget cited near $100.2 million). Staff noted those reserves make the county financially healthy but not wealthy and emphasized constraints on spending across fund types (for example, road and bridge funds are restricted by state law to road purposes).
After the presentation and questions, the court voted 3-0 to approve the ACFR and the federal/state single audit for FY2024.
