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Teller County posts unmodified 2025 audit; reserves and capital funds remain strong
Summary
County finance director Russell Ballinger presented the 2025 audit as unmodified ('clean audit'), reporting a $802,000 revenue increase year-over-year, an operating reserve of 107 days, a $10.1 million capital projects ending balance sufficient to finish the divide service center, and a year-end cash decrease of about $3.8 million.
Russell Ballinger, the county’s finance director, told the board the 2025 audit met statutory timelines and was unmodified: "The audit was on time and unmodified. Therefore, it's a clean audit." He said no significant unusual transactions or material misstatements were noted and disclosures were neutral and consistent.
Ballinger highlighted key numbers: revenues rose by roughly $802,000 year-over-year, the county’s operating fund equaled about 107 days of reserves (above the 60-day goal), capital projects ending fund balance was about $10.1 million—enough to complete the divide service center—and cash decreased roughly $3.8 million year-end (cash remained strong, with approximately $27.7 million at year end and $29.0 million at end of June). Commissioners discussed that capital spending (fairgrounds, service center, roads) explains the cash movement and praised staff for conservative planning.
No action was required for the presentation; finance will post detailed financial statements to the department page after ADA compliance review. Commissioners and staff thanked Ballinger and his team for the reporting and transition work.
