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COUNTY OF ADAMS, PENNSYLVANIA NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 2025

NOTE 1: NATURE OF ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Pending Changes in Accounting Principles

In April 2024, the GASB issued Statement No. 103, “Financial Reporting Model Improvements”. The County is required to adopt the provisions of Statement No. 103 for its fiscal year 2026 financial statements.

In September 2024, the GASB issued Statement No. 104, “Disclosure of Certain Capital Assets.” The County is required to adopt this statement for its calendar year 2026 financial statements.

In December 2025, the GASB issued Statement No. 105, “Subsequent Events.” The County is required to adopt this statement for its calendar year 2027 financial statements.

The County has not yet completed the various analysis required to estimate the financial statement impact of these new pronouncements.

NOTE 2: DEPOSIT AND INVESTMENT RISK

The County's investments at December 31, 2025 were as follows:

Governmental Funds
Conservation District
CD's$ 147,499
Fixed Income Mutual Funds215,679
PLGIT – Term3,981,816
Commercial Paper31,279
Government Sponsored
Entities29,840
Balanced Mutual Funds102,437
Equity Mutual Funds256,389
Total Governmental Funds4,764,939
Total Primary Government Investments$4,764,939