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County auditor reports clean opinion; pension liabilities and fund balances noted
Summary
Greg Wilson of Robertson McGee told commissioners the county received an unmodified opinion on its financial statements, with assets just over $18 million, liabilities about $4.9 million, and a net position increase of roughly $1.6 million; pension liability estimates and $906,007 internal balance reclassification were highlighted.
The county's independent auditor presented required communications and summarized the audited financial statements to the Fisher County Commissioners Court.
Greg Wilson, auditor for Robertson McGee, told the court the firm issued an opinion that balances and transactions are presented in accordance with generally accepted accounting principles in all material respects and that there were no disagreements with management during the audit. He highlighted that total county assets were just over $18,000,000 as of Sept. 30, 2025, liabilities were just over $4,900,000, and the net position increased by about $1,600,000 for the year. Revenues were approximately $7,275,000 and expenses about $5,674,000.
Wilson noted sensitive accounting estimates related to pension liabilities (disclosed in notes 5 and 6) and explained the audit included adjusting entries, primarily to true up year-end payables and receivables. He also described a presentation change to show an internal receivable from nonmajor governmental funds of $906,007, which had previously appeared within cash and investments and produced a negative amount in the nonmajor funds column; the auditors separated it as an internal balance to clarify the position.
Commissioners asked follow-up questions about whether 2025 figures were included in specific schedules and about the timing of actuarial information; Wilson explained some information is presented one year in arrears because actuarial data were not yet available. No material weaknesses or new accounting pronouncements requiring disclosure were reported during the meeting.
Next steps: auditors concluded their presentation and invited questions; commissioners requested to review referenced pages (management's discussion and analysis and note disclosures) and staff to follow up on any items where additional detail was requested.
