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County audit shows $50M net position increase; auditors issue clean opinion
Summary
Bollinger Seager Gilbert Moss LLP presented the county's annual audit with an unmodified opinion, reporting assets up about $33M, revenues up to $222M, a $4M increase in general fund balance and no material weaknesses or compliance findings; the court accepted the report.
The county's external auditors, Bollinger Seager Gilbert Moss LLP, presented the 2025 annual audit to the Lubbock County Commissioners Court and issued an unmodified (clean) opinion on the financial statements.
Christie Fry, partner with the audit firm, told the court total assets increased by about $33 million — largely from capital asset acquisitions — and net position rose about $50 million from the prior year. Revenues increased to approximately $222 million from $206 million, a change the firm attributed in part to capital grants that funded facility projects including a tag office (reported grant offset) and work on the medical examiner's building. "This year, we need a modified opinion, which is the which is a clean audit report," Fry said, explaining the unmodified opinion and noting no findings were reported in single‑audits or compliance testing.
The auditors reported general fund balance was up roughly $4 million (about $73.3 million total fund balance; unassigned fund balance about $58 million). Liabilities decreased about $25 million, a large portion from long‑term liability reductions. The auditors noted the county continues to have ARPA funds and bond-funded capital project balances (about $56 million in road bond construction funds and $15 million in the medical examiner building fund at year-end). The court moved to accept the audit and voted to approve it.
