Credit Rating.  Oct 16, 2025. “Brown County, IN Debt Rating Lowered Two Notches To ‘A’ From ‘AA-‘ On Weakened View Of Management”  

• • The two-notch downgrade reflects our view of heightened vulnerability in management following continuous and numerous internal control findings.
  • PDF Copy: Brown County, IN Debt Rating Lowered Two Notches _ S&P Global Ratings

Audit Reports-Sept 16 ,2025 – State Board of Accounts

• • • 15840A FINANCIAL STATEMENT AUDIT REPORT OF BROWN COUNTY, INDIANA  January 1, 2024 to December 31, 2024.
      • Adverse Opinion on U.S. Generally Accepted Accounting Principles
        • In our opinion, because of the significance of the matter discussed in the Basis for Adverse and Unmodified Opinions section of our report, the financial statement referred to above does not present fairly, the financial position and results of operations of the County as of and for the year ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.
      • Opinion on “Regulatory” Basis of Accounting  (1)
        • In our opinion, the accompanying financial statement referred to above presents fairly, in all material respects, the respective financial position and results of operations of the County, as of and for the year
          ended December 31, 2024, in accordance with the financial reporting provisions of the Indiana State Board
          of Accounts described in Note 1.
    • 15840S SUPPLEMENTAL COMPLIANCE REPORT OF BROWN COUNTY, INDIANA
      January 1, 2024 to December 31, 2024
      • Internal control deficiencies resulted in noncompliance with laws and regulations over the following areas:
         Annual Financial Report
         Reconcilement of the Monthly Financial Statement (Form 61)
         Timely Recording
         Capital Assets
         Overdrawn Cash Balances
         Training on Internal Control Standards