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Caswell County leaders outline fiscal challenges, recommend fund balance, capital planning and updated audits
Summary
At a Jan. 25 retreat Caswell County officials reviewed finances, saying fund balance is below peer averages, audits for recent years remain incomplete, and presenters recommended a fiscal policy, capital-improvement planning and contingency funding ahead of the FY2026 budget.
Caswell County officials and outside facilitators reviewed the county’s finances at a Jan. 25 retreat and urged several near-term steps: finish delayed audits, adopt formal fiscal policies (including fund balance and debt limits), create a capital improvements plan (CIP) and add a budget contingency for unexpected costs.
Presenters said the county’s fund balance and liquidity lag peers with similar tax bases and that audits for recent years remain incomplete. Presenters urged the board to approve a fiscal policy setting a target unassigned fund balance (the draft proposed a 20% target and a 15% minimum)…
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