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Nottoway County accepts FY2025 audit; auditors note low unassigned fund balance
Summary
Robinson Farmer Cox presented an unmodified FY2025 audit opinion; the county reported a $25.2 million fund balance and roughly $23.9 million in revenues, with auditors flagging an internal control finding on journal-entry volume and a low unassigned fund balance.
The Nottoway County Board voted to accept the Fiscal Year 2025 audit after a presentation by Jay Sanudo of Robinson Farmer Cox Associates. Sanudo reported an "unmodified opinion," meaning the financial statements were materially correct, and said, "The fund balance is $25,200,000." He also reported revenues of approximately $23,900,000, an increase of about $3,800,000 from the prior year, and noted one internal control finding related to the volume of journal entries requiring proposed adjustments.
Supervisors Daphne V. Norton and Richard H. Ingram both commented that lower landfill expenses, LRA sales revenue and increased interest income helped the budget situation. Supervisor Norton moved to approve and accept the annual audit; Supervisor Ingram seconded and the motion carried on a unanimous voice vote.
