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County auditor reports FY25 modified opinion, $2.2M general fund decrease and ARPA spending update
Summary
External auditor presented the FY25 audit: a modified opinion on statements/internal controls, a $2.2 million reduction in the general fund (including $1.1M courthouse renovation), ARPA unspent balance of $1.5M as of June 30, 2025, and GASB-related restatements affecting government-wide figures.
An auditor presenting the fiscal year 2025 financial audit told the Buckingham County Board of Supervisors that the financial statements were fairly stated in accordance with GAAP but that the auditor issued a modified opinion on the financial statements, internal control, and compliance reports.
The presenter summarized material movements: "For the fund balance summaries as of 2025, the general fund decreased by $2,200,000. $1,100,000 of that was the completion of the courthouse renovation project," the auditor said, and added that changes in GASB guidance for recognizing compensated absences produced restatements in government-wide statements (governmental activities adjusted ~+$363,000; water fund about +$50,000; sewer +$11,000; school board +$1,700,000).
The audit team reviewed ARPA spending as part of federal compliance work and reported unspent ARPA funds of $1,500,000 at June 30, 2025, with allowable disbursement through December 31, 2026. The auditor also noted routine recommendations in a management letter (accruals, reconciliations, documentation, segregation of duties) and said turnover in finance and social services had increased duty overlap.
Board members asked clarifying questions and the auditor directed supervisors to schedules and management's discussion and analysis for further detail. No board action was taken at the end of the presentation; the audit materials were made part of the record.
