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Barnstable County receives clean audit for fiscal 2025; ARPA spending closes in 2026
Summary
Auditors reported an unmodified (clean) opinion on Barnstable County's 2025 financial statements and single audit; auditors flagged no material weaknesses or federal compliance findings and said ARPA funds are nearly fully expended with final closeout expected by December 2026.
An independent audit of Barnstable County’s fiscal 2025 financial statements produced an unmodified (clean) opinion, auditors told the Assembly of Delegates on July 1.
Renee Davis of CBIZ CPAs presented the results and said the county received a clean opinion on both the ACFR financial statements and the single audit of federal awards. "The results of the audit for your financial statements are unmodified," Davis said, adding that there were no material weaknesses, significant deficiencies or federal compliance findings arising from the testing.
Davis provided financial highlights: the county recorded roughly $23,000,000 in federal expenditures in 2025, of which about $18,500,000 was ARPA funding; the county had over $80,000,000 in cash and investments and about $33,400,000 in stabilization funds. The general fund budget for fiscal 2025 was $38,300,000; revenues exceeded budget by approximately $6,000,000 and expenditures and encumbrances were under budget by over $2,000,000. Auditors reported the county’s OPEB trust held about $5,000,000 and summarized actuarial valuations used to calculate an unfunded OPEB liability.
Delegates asked for copies of the slides and the independent auditors’ report; Davis said the auditors would provide the ACFR and single audit reports and noted the independent-auditor opinion language appears in the ACFR's independent auditors' report. On ARPA compliance, the auditors reported no findings and said final ARPA obligations should be completed and the grants closed out by December 2026.
Questions during the session covered a roughly $1,000,000 adjustment tied to a new GASB sick-and-vacation accrual standard (implemented in 2025) and the presentation of fund-based reporting versus full-accrual statements in the ACFR. Davis said the $1,000,000 was immaterial to require restatement but noted it reflected new GASB guidance on compensated absences.
The finance director and auditors said they would provide slides and the detailed reports to delegates and post materials on the county finance web page.
