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Lincoln County audit shows clean opinion as revenues, fund balance rise
Summary
An external audit delivered an unmodified (clean) opinion for Lincoln County and reported revenue growth driven by a revaluation; commissioners discussed fund balance, sales tax caution and spending priorities for upcoming budgets.
Brandy of Martin Starnes and Associates told the Board of Commissioners on Nov. 18 that the firm issued an unmodified opinion on the county’s financial statements — a clean audit.
The auditor said general fund revenues rose from about $147.1 million to $166.8 million, an increase of roughly $19.7 million (13.4%), and general fund expenditures increased about $10 million (7.8%). The county’s unassigned general…
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