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FY 2026 Audit Presentation and Financial Report
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INFORMATION CONTACT:
Beverly Liles, Finance, Director, 704-283-3675
ACTION REQUESTED:
Receive audit presentation from Cherry Bekaert LLC audit firm and Finance Director on the fiscal year 2026 audit and annual financial comprehensive report.
PRIOR BOARD ACTIONS:
None
BACKGROUND:
Cherry Bekaert LLP, a firm of licensed certified public accountants, has issued an unmodified opinion on Union County's financial statements for the year ended June 30, 2026. The independent auditor's report is located at the front of the financial section of this report. The audit was also designed to meet the requirements of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. These reports are submitted separately, and include the schedules of financial assistance, findings and questioned costs, and the independent auditor's report on internal control and compliance. The following is excerpted from the Report of Independent Auditor. “In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the County, as of June 30, 2026, and the respective changes in financial position and, where applicable, cash flows thereof, and the budgetary comparison for the General Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America”.
The FY 2026 Annual Comprehensive Financial Report (ACFR) is still in draft form due to the Federal and State Single Audit Grant testing not being complete due to the Federal Government shutdown. Once the grant testing has been complete the final document will be available on the County’s website on the Finance Department’s webpage.
FINANCIAL IMPACT:
None