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Auditors give New Castle County a clean FY2025 opinion, flag timing issue on some grant receivables
Summary
CliftonLarsonAllen reported an unmodified (clean) opinion on New Castle County's FY2025 financial statements, noting one written finding tied to the timing of grant receivables that arrived outside a 60‑day availability window; the single audit remains pending.
CliftonLarsonAllen presented New Castle County's fiscal year 2025 annual comprehensive financial report to the county finance committee on Feb. 10, reporting an unmodified — or "clean" — opinion on the financial statements while identifying one timing‑related audit finding.
"We issued an unmodified or cleaned opinion," said Remy Olmesor, a principal with CliftonLarsonAllen, summarizing the firm's work. Olmesor said the engagement covered the county's financial statements, the schedule of federal awards (single audit) and HUD REACT procedures; the single audit remained incomplete and will be presented to council when finished.
The auditors described one written comment tied to the "period of availability": certain grant receivables arrived outside the 60‑day window used for revenue recognition, requiring an…
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