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Craven County Schools report pre‑audit $5.4M local deficit; board approves year‑end budget amendment
Summary
New finance officer Heidi Daley presented pre‑audit figures showing a $5.4 million deficit in the local current expense fund for FY24‑25, offset in part by transfers and carryovers; the board approved a budget amendment to true up accounts.
Heidi Daley, the district’s new finance officer, told the Craven County Board of Education that preliminary, pre‑audit figures for fiscal year 2024‑25 show the district spent about $29.63 million from the local current expense fund while receiving about $24.15 million in revenue, producing a $5.4 million year‑end deficit before audit adjustments. "These are all pre audited figures and are very much subject to change," Daley said, and the auditors are scheduled to arrive in September.
Daley explained staff moved roughly $963,000 from the local current expense fund into Fund 8 (special revenue) to reduce the appearance of the…
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