Clark County Board Meeting | September 19, 2025

Article Summary:
An independent audit presented to the Clark County Board revealed the county is in a strong financial position with over $32.3 million in total assets for fiscal year 2024. The report detailed total revenues of approximately $18.7 million against total expenditures of $20.1 million, with the difference covered by funds such as the American Rescue Plan Act (ARPA).

FY 2024 Audit Key Points:

• Total County Assets: $32,335,205 with no liabilities.

• Total Revenues: $18,690,252.

• Total Expenditures: $20,072,002.

• General Fund Performance: Actual income (6,121,041) surpassed projections (5,706,931), while actual expenses (6,301,605) were below projections (6,639,466).

The Clark County Board on Friday, September 19, 2025, received a detailed financial report from independent auditor Carol Holbert, who presented the findings for fiscal year 2024. Holbert reported an “Unmodified” opinion for all county units except for the County Highway Fund, which received a “Qualified” opinion. An unmodified opinion is the highest level of assurance an auditor can provide.

Holbert walked the board through the comprehensive report, starting with the county’s balance sheet, which covers 45 to 50 separate funds. As of FY 2024, the county holds total assets of $32,335,205 and carries no liabilities.

The income statement for the county grouped several funds to provide a clear financial picture. The major funds highlighted were the General County Highway, County Ambulance, and Township Motor Fuel. According to the audit, total county-wide revenues for the fiscal year were $18,690,252, while total expenditures reached $20,072,002. Holbert noted that ARPA funds contributed to covering expenses.

A closer look at the General Fund showed positive performance compared to budget projections. The county’s actual income was $6,121,041, exceeding the projected $5,706,931. Simultaneously, actual expenses were $6,301,605, which came in under the budgeted amount of $6,639,466.

The report also confirmed that all county bank accounts are covered by the FDIC, with additional collateral held by pledging the bank’s trust department to secure public funds.