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Independent auditors give Nueces County a clean opinion for FY2025; fund balance and grant controls noted
Summary
The county's independent auditor presented the FY2025 comprehensive annual financial report with an unmodified opinion, reporting stronger asset positions, reduced liabilities through ARPA spending and scheduled debt payments, and a general fund balance near recommended levels; auditors found no significant deficiencies on tested federal grants.
The county's independent auditors presented the FY2025 comprehensive annual financial report to the court on July 1 and issued an unmodified (clean) opinion.
John Manning, representing the audit firm, told commissioners the county's assets increased by approximately $9.7 million year-over-year and liabilities declined in large part due to scheduled debt service and spending of ARPA funds. Key figures noted included roughly $150 million in cash and equivalents and an ending general fund balance around $43.6 million (about 4.5 months of general-fund expenditures), which auditors said was above Government Finance Officers Association guidance.
Manning highlighted grant-related testing: the auditors sampled about $25 million in grant expenditures (predominantly ARPA) and specifically tested the highway-planning and construction program; they reported no material findings on those tests and said prior findings from the previous year had been corrected.
The audit team also observed swings in the county's pension valuation (reported as a pension asset at 12/31/2024) driven by market performance; Manning cautioned that pension measures can vary widely year to year because they reflect market movements rather than direct county actions.
Commissioners thanked the auditor's office and county accounting staff for timelier deliverables and asked for continued interim monitoring to support budgeting and grant cash-flow decisions. No court action was required; the report was received for the record.
