Grundy County audit returns clean opinion; auditors highlight EDPA-driven revenue shifts

Mac and Associates presented the county’s FY2025 audit to the Grundy County Finance Committee on Feb. 9, reporting a clean opinion for the fiscal year.

The auditor walked the committee through the statement of net position and activity, noting that cash and cash equivalents increased year over year and that total assets rose largely because of capital assets. The auditor identified the EDPA 1 fund as the primary driver of notable year-over-year changes, including higher property tax collections recorded in that fund and net increases in fund balances.

On the statement of activities the presenter described higher governmental expenditures and said program revenues (charges for services) and operating grants partly offset those costs. The auditor summarized that overall fund balances increased in several major funds, and directed committee members to detailed fund schedules in the audit packet for line-by-line review.

The auditor also reviewed the single-audit section for federal programs and told the committee that ARPA funds were the county’s major federal program for the year; the auditor said that the single-audit raised no reportable federal compliance issues.

Committee members asked about a rise in current expenditures recorded on the audit’s fund pages; the auditor reiterated that the EDPA-related activity accounted for most of the change and offered to return the committee to the fund detail pages for additional questions.

The committee received the presentation and thanked the auditors and staff. The audit presentation will be part of the materials provided to the full county board.