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Caroline County audit returns clean opinion; net position rises to $98.7 million
Summary
External auditor Roy Geiser of UHY presented a clean opinion on Caroline County’s FY2025 financial statements, reporting a year‑over‑year net position increase to $98.7 million and noting pension and OPEB funding levels and upcoming GASB changes.
Roy Geiser of UHY told the Caroline County Board of Commissioners that the fiscal year 2025 financial statements earned a clean audit opinion.
"In our opinion, these financials as presented are free of any material misstatements," Geiser said as he reviewed the independent audit report and related communications. He explained the opinion follows auditing standards generally accepted in the United States and applicable government auditing standards.
Geiser highlighted the county’s statement of net position, reporting net investment in capital assets of $56,900,000; restricted assets of about $6,000,000; and unrestricted assets of $35,800,000, for a total net…
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