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Erath County audit shows higher assets, auditor flags internal-control and single-audit reports
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Summary
Auditor Jared Stevens told the Erath County Commissioners Court the FY2025 audited financial statements show assets increased year-over-year and contained no adjustment journal entries; the packet also includes internal-control and single-audit reports that commissioners were asked to review.
Jared Stevens, presenting the FY2025 financial audit at the Erath County Commissioners Court meeting on April 27, said the county’s total assets rose versus the prior year and that the audit did not require any adjusting journal entries.
Stevens summarized the statements of net position and activities, saying total assets at year-end were just under $79 million compared with just under $73 million in the prior year, an increase he described as driven largely by cash and net pension asset changes. He said total revenues for the year ended Sept. 30, 2025 were about $39.5 million, up from roughly $38 million the prior year, while overall expenditures remained comparable.
Stevens also drew commissioners’ attention to supplemental reports in the audit binder: a report on internal controls over financial reporting (page 73) and a single-audit report (page 75) required for entities that exceed federal expenditure thresholds. He said those reports are not statements of opinion but contain disclosures and findings that warrant commissioner review.
Commissioners publicly thanked county accounting staff and the auditor for the work. No formal action was required beyond acceptance of the audit presentation during the meeting.
