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Subscription liability activity for the years ended December 31, 2025 was as follows:
| Balance January 1, 2025 | Additions | Deletions | Balance December 31, 2025 | |
|---|---|---|---|---|
| Subscription Liability | $ 1,208,955 | $ 296,653 | $ (695,390) | $ 810,218 |
The County has evaluated subsequent events through June 29, 2026. This date is the date the financial statements were available to be issued. The following event subsequent to December 31, 2025 was noted:
In March 2026, the Adams County Industrial Development Authority entered into a redevelopment agreement and a sale agreement with Greenmount Ventures, LLC for the sale and mixed-use redevelopment of the former Gettysburg Foundry property (Adams County Parcel No. 09E16-0075-000) for a stated purchase price of $500,000. Under these agreements, the Authority will utilize grant and loan proceeds from the BIOS program to complete certain environmental remediation and site preparation activities prior to closing, and the purchaser is responsible for providing public water and sewer services to the site and for repayment of the BIOS loan at settlement.
No other material events subsequent to December 31, 2025 were noted.
Change in Presentation/Restatement of Net Position
During 2025, the Conservation District was reclassified from major to a non-major fund due to significant decrease in its liabilities.
| Reporting Units Affected by Adjustments of Beginning Balances | ||
| Conservation District | Nonmajor Governmental | |
|---|---|---|
| 12/31/24, as Previously Presented | $ 5,570,577 | $ 12,369,542 |
| Change from Major Fund to Nonmajor Fund | (5,570,577) | 5,570,577 |
| 12/31/24, as Adjusted or Restated | $ - | $ 17,940,119 |