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Committee receives 2025 audit: auditors report clean opinions and no federal findings
Summary
External auditors reported an unmodified (clean) opinion on the county's 2025 financial statements and on federal single-audit compliance testing; the committee voted to accept the preliminary audited financial statements.
Insero CPAs presented the county's preliminary draft audited financial statements for the fiscal year ended Dec. 31, 2025, reporting an unmodified (clean) opinion on the financial statements, a clean government-auditing-standards opinion and a clean single-audit on federal program compliance.
The lead auditor described one management comment in the management letter related to certain capital-project expenditures and revenue recognition; the county had made suggested adjustments. "We are issuing an unmodified opinion, a clean opinion, on the financial statements themselves," the auditor said, and noted the county spent about $36.3 million in federal funds subject to single-audit testing.
Auditors reviewed the county's revenue and expenditure drivers for 2025 and highlighted that sales and other taxes accounted for the largest share of revenues and that economic assistance and social-services spending were the largest expenditure categories. They also explained government-wide net position and noted that GASB 68 (pensions) and GASB 75 (other post-employment benefits) produce large actuarial liabilities that affect unrestricted net position. The committee voted unanimously to accept the audited financial report in draft form.
