Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Hanover posts FY25 operating surplus; auditors issue clean opinion
Summary
Finance staff reported FY25 general fund revenues of $395.2 million and an operating balance of about $41.4 million; external auditors from PB Mares issued an unmodified (clean) opinion and noted implementation of new GASB measurement guidance.
Finance Director Lauren Dahl presented Hanover County's fiscal year 2025 Annual Comprehensive Financial Report to the Board and summarized key results: total general fund revenues of $395.2 million (about 6% higher than budget) and expenditures and transfers totaling $377.3 million. The presentation noted an operating balance of approximately $41.4 million, with planned use in the FY26 county and school…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
