Carroll County, Maryland, December 10, 2025
Carroll County, Maryland has achieved a commendable unmodified opinion on its financial audit for fiscal year 2025. This recognition reflects the county’s adherence to Generally Accepted Accounting Principles (GAAP) and showcases its commitment to financial accountability and transparency. Conducted by an independent audit firm, the assessment underscores the county’s effective financial management and may enhance its credibility with investors and public trust in government operations.
Carroll County Achieves Unmodified Opinion on Fiscal Year 2025 Audit
Carroll County, Maryland has been awarded an unmodified opinion on its financial audit for the fiscal year 2025, indicating a nearly flawless spending record. This assessment reflects the county’s adherence to Generally Accepted Accounting Principles (GAAP) and its commitment to financial transparency and accountability.
Audit Findings
The independent audit, conducted by a licensed certified public accounting firm, concluded that Carroll County’s financial statements for the fiscal year ending June 30, 2025, are fairly presented in conformity with GAAP. This unmodified opinion signifies that the county’s financial records are free from material misstatements, underscoring effective financial management practices.
Implications for Carroll County
Receiving an unmodified opinion is a significant achievement for Carroll County, as it demonstrates fiscal responsibility and effective management of public funds. This positive audit outcome may enhance the county’s credibility with investors, facilitate access to favorable financing terms, and bolster public trust in local government operations.
Background on Carroll County
Carroll County is located in the north-central region of Maryland, bordered by Baltimore County to the east, Howard County to the south, and Frederick County to the west. The county encompasses approximately 456 square miles and had a population of 173,586 according to the 2020 Census. The county seat is Westminster. Carroll County is empowered to levy property taxes on both real and personal properties within its boundaries, and it has experienced a shift from predominantly rural to a more suburban and rural character over the past three decades.
Related Financial Developments
In addition to the positive audit report, Carroll County has been actively engaged in financial planning and budgeting. The Board of Commissioners adopted the fiscal 2026 budget, which begins July 1, 2025. The $580.7 million General Fund, which authorizes day-to-day expenses, saw an increase of $35.6 million, or 6.5%, from fiscal 2025. Notably, the budget does not include any tax increases but does incorporate fee increases for water, sewer, and solid waste services. The county’s fiscal 2026 operating budget is funded 48% from property tax, 36% from income tax, and 3% from recordation, with the remainder supported by additional revenue sources, including building permits, 9-1-1 service fees, investment income, and others. This proactive approach to budgeting reflects the county’s commitment to maintaining financial stability and meeting the needs of its residents.
Conclusion
Carroll County’s receipt of an unmodified opinion on its fiscal year 2025 audit highlights the county’s dedication to financial integrity and effective management. Coupled with the adoption of a robust fiscal 2026 budget, these developments position Carroll County to continue providing essential services to its residents while maintaining fiscal responsibility.
FAQ
What does an unmodified opinion on an audit mean?
An unmodified opinion indicates that the financial statements are free from material misstatements and conform to Generally Accepted Accounting Principles (GAAP), reflecting accurate and reliable financial reporting.
How does this audit outcome affect Carroll County?
The positive audit outcome enhances the county’s credibility, potentially improving access to favorable financing terms and bolstering public trust in local government operations.
What is the fiscal 2026 budget for Carroll County?
The fiscal 2026 budget is $580.7 million, marking a 6.5% increase from fiscal 2025. It includes fee increases for water, sewer, and solid waste services but no tax increases. The budget is funded by property tax (48%), income tax (36%), and recordation (3%), with additional revenue from sources like building permits and 9-1-1 service fees.
| Feature | Details |
|---|---|
| Audit Opinion | Unmodified opinion on fiscal year 2025 audit, indicating accurate financial reporting. |
| Fiscal 2026 Budget | $580.7 million General Fund, a 6.5% increase from fiscal 2025, with fee increases for water, sewer, and solid waste services but no tax increases. |
| Budget Funding Sources | 48% property tax, 36% income tax, 3% recordation, with additional revenue from building permits, 9-1-1 service fees, and investment income. |
| County Profile | Located in north-central Maryland, approximately 456 square miles, population of 173,586 (2020 Census), county seat is Westminster. |
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