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Lenoir accepts clean audit showing stronger fund balances, no material weaknesses
Summary
The city accepted an unmodified audit for the year ended June 30, 2025; auditors reported rising fund balances, no material weaknesses, and positive operating results for the water and sewer fund. Council voted to accept the audit as presented.
Cynthia Randolph, the city's auditor, told the Lenoir City Council on Jan. 6 that she issued an unmodified opinion on the city's financial statements for the fiscal year ending June 30, 2025, and found no material weaknesses or significant deficiencies in internal controls.
"I did issue an unmodified opinion," Randolph said, and later added, "we did not have any material weaknesses or significant deficiencies," language the council noted as a positive sign for municipal oversight.
The audit reported combined governmental fund balances of $25,648,319, an increase of $3,442,804 from the prior year, and noted the city spent more than $750,000 in federal funding and over $500,000 in state funding, triggering single-audit requirements. The water and sewer enterprise reported a change in net position of about $1,749,000.
Council Member Stevens moved to accept the annual audit as presented; the motion carried on a vote of the council. Councilors and staff thanked finance staff for preparing the statements and supporting materials.
The unmodified opinion means the auditors found the city's financial statements presented fairly in all material respects. City staff said the audit will be submitted to the Local Government Commission as required and that audit-driven recommendations, if any, will be scheduled for follow-up.
