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Auditor gives Surry County an unmodified opinion; board accepts FY2025 audit
Summary
Robinson Farmer Cox partner Jay presented the FY2025 comprehensive financial report, reported an unmodified (clean) audit opinion, noted a restatement tied to GASB accounting standards and one internal-control finding, and the Board of Supervisors voted to accept the audit.
A partner from Robinson Farmer Cox presented Surry County's fiscal-year 2025 comprehensive annual financial report and said the county received an unmodified (clean) audit opinion. "The county is receiving what's called an unmodified opinion," the auditor said, explaining that this indicates the financial statements are materially correct; he also described a restatement tied to a new GASB accounting standard (GASB 101) and one finding related to recording certain material transactions.
The auditor reviewed key figures: a primary-government net position of about $44.3 million (an increase of roughly $7.6 million), fund-balance increases, and revenues of $39.5 million (about $4 million over the budgeted $35.4 million, which the auditor attributed mainly to ARPA carryover and local tax increases). He reported one financial-statement finding related to debt issuance and recording and offered management-letter comments on timely bank reconciliations and credit-card controls; staff said corrective actions are underway and will be tested in the next audit.
Board members thanked staff for completing the audit on time; a motion to accept the audit as presented carried unanimously.
