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Northampton County GPA accepts clean 2025 audit, approves routine payments
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Summary
The Northampton County General Purpose Authority on April 7 accepted a 2025 audit with an unqualified opinion, approved year-to-date financials and authorized payment of the auditor invoice. The audit notes P3 project liabilities and that all bridges are now in service.
The Northampton County General Purpose Authority voted April 7 to accept the draft 2025 audit from Riley & Company, which the auditor said received an unqualified (clean) opinion on the authority’s financial statements.
"For 2025, we do have an unqualified or clean opinion on the financial statements," said Jay Gribelny of Riley & Company as he reviewed the draft financial statement packet and supporting notes. Gribelny told the authority the audit field work occurred in early March and drafts were issued March 12.
Gribelny summarized key balances in the packet: about $1,000,000 in total cash and restricted cash, roughly $360,000 in noncurrent notes receivable, bridges net of accumulated depreciation just under $30 million and roughly $31 million in total assets. He said total liabilities were just over $2 million and net position ended the year just over $29 million. The statement of activities reflected a decrease in net position of about $97,000 for 2025.
The auditor also reviewed the government funds presentation: the general fund showed a decrease in fund balance of about $72,000 while the capital projects fund was a flow-through with no net change for the year. Gribelny called out the P3 project note, noting $585,000 recorded in 2025 for design and construction services, approximately $1.7 million shown as due to the P3 contractor for remaining milestone payments, and recurring maintenance payments of about $99,000 recorded in the statements.
Board members asked a clarifying question about a journal entry labeled as a passed adjusting entry; Gribelny explained the entry documents uncorrected, immaterial misstatements the auditors accumulate and report in the client representation letter.
Following the presentation a board member moved to approve the audit; the motion was seconded and approved by voice vote. The authority also approved the auditor’s final invoice for $5,934 as presented.
The authority’s approval begins the finalization process: Gribelny said the public notice and the DCED report will be filed after the audit is finalized, and the client representation letter must be signed before the auditor can issue final statements. The board’s next regular meeting is scheduled for May 5.
The audit packet and comments made at the meeting will be included in the authority’s final minutes and the finalized audit will be filed as required under the Pennsylvania Municipal Authorities Act.
