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Auditor issues clean opinion on Rowan County FY25 finances; LGC concern about water fund operating loss
Summary
Audit manager presented a clean, unmodified FY25 audit opinion and highlighted revenue increases and strong fund-balance metrics; the Local Government Commission concern about a water fund operating loss will require a response within 60 days.
Audit manager Kelly Gooderham told commissioners the county’s fiscal year 2025 financial statements received a clean, unmodified opinion. Gooderham summarized the county’s general-fund results: total general-fund revenues of about $221.5 million and expenditures of roughly $190.3 million, with year-over-year increases in property tax collections and local option…
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