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County auditor gives Queen Anne’s County a clean opinion for FY2025; flags one material weakness
Summary
Independent auditor UHY issued an unmodified (clean) opinion on Queen Anne’s County’s FY2025 financial statements, reporting $354 million in net position and noting one material weakness and two management comments; enterprise funds and long‑term liabilities were highlighted for attention.
Roy Geiser of audit firm UHY presented the county’s FY2025 audited comprehensive financial report, telling the Board of County Commissioners that the firm issued a clean, unmodified opinion on the financial statements. "A clean opinion" was the auditor’s primary takeaway, and he said the county’s combined net position was about $354 million.
Geiser pointed to key numbers in the ACFR: approximately $234 million in net investment in capital assets, $34 million in restricted net position and roughly $85.5 million in unrestricted net position. He said the general‑fund…
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