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Wilson County accepts clean audit for fiscal year ending June 30, 2025
Summary
Auditor Paula Hodges told the Board the county received an unmodified (clean) opinion on the 06/30/2025 financial statements; the board voted to accept the audit and referred it to the Local Government Commission for final acceptance.
Paula Hodges, partner at Martin Starnes & Associates, told the Wilson County Board of Commissioners on Jan. 12 that the firm issued an unmodified opinion on the county's fiscal year ending June 30, 2025.
"Our opinion was unmodified," Hodges said in her presentation, adding that the firm completed on-site procedures throughout the year. She said the county implemented the GASB 101 reporting standard this year, which affects how compensated absences are reported, and she reviewed key budgetary measures: available fund balance decreased year over year by about $6 million, available fund balance as a percentage of expenditures was 24.67% (roughly three months of resources) and property-tax revenue rose approximately 17% following revaluation.
Hodges also noted that restricted intergovernmental revenue and local option sales tax were fairly consistent, education spending rose about 5% and debt service declined 28% because of one-time application of remaining school project funds in the prior year. She said the county had no audit findings for the current year.
Following the presentation the board moved to accept the audit as presented by Martin Starnes & Associates; the motion was seconded and carried. The audit was referred to the Local Government Commission as required for final acceptance.
The board accepted the audit at the meeting and recorded the action in the minutes; the Local Government Commissions review remains the final administrative step.
