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Bremer County auditors give FY25 financial statements a clean opinion as ARPA spending is drawn down
Summary
Madison Larkin Company presented Bremer County’s FY25 audit, concluding the financial statements "present fairly." The audit shows $4.6 million in recovery funds spent, about $200,000 remaining, rising capital assets and recurring internal-control observations the board agreed to address.
Bremer County supervisors on Tuesday accepted the county’s FY25 audited financial statements, hearing from Mike Padisa of Madison Larkin Company that the documents “present fairly” a snapshot of the county’s finances for the year ended June 30, 2025.
Padisa told the board the audit found total net position rose by about $1.2 million year over year, capital assets increased roughly $3.2 million and cash balances were down about $4–5 million compared with the prior year. He said some of the change reflected the spending of federal recovery funds. “We have audited the financial statements of…
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