Harford County Earns Clean Audit for Fiscal Year 2024

Independent auditors have issued a clean opinion on Harford County government’s financial report for the fiscal year that ended on June 30, 2024.

Required by state and local laws, the annual comprehensive financial report (ACFR) is an overall assessment of the county’s financial position, including revenues, expenses, debt, investment performance and pensions. The audit was performed by CliftonLarsonAllen LLP.

The clean audit opinion of Harford’s ACFR for FY 2024 means that the financial statements are accurate and contain no material misstatements. It also means the ACFR was presented in accordance with generally accepted accounting principles and the requirements of the Government Standards Accounting Board. In addition, the auditors had no management comments or findings.

Harford County’s year-end unassigned fund balance was $6M, in line with the county’s estimates. By contrast, Harford County Public School’s unassigned fund balance for FY 2024 was $24M. Unassigned fund balance is the excess of actual revenue over actual expenses plus necessary reserves.

Harford County’s FY 2023 ACFR is published on the county website at harfordcountymd.gov/DocumentCenter/View/26925/June-30-2024-ACFR-PDF.

“I am proud that once again my administration’s dedication to accuracy and transparency in financial reporting has been recognized by independent financial professionals,” County Executive Bob Cassilly said. “I would like to thank Harford County Treasurer Robbie Sandlass and his team, as well as my entire leadership team, for achieving this highest possible opinion from one of the nation’s top accounting firms.”