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Independent audit returns unqualified opinion; general fund reserves and rising transportation costs highlighted
Summary
Auditors issued an unqualified opinion for Berkeley County Schools' most recent audit; district staff highlighted a general-fund reserve of about $35.3 million and growing contracted transportation costs that exceed state reimbursement caps.
The Berkeley County Schools' independent audit presented Jan. 7 received an unqualified (clean) opinion, meaning auditors reported no findings or recommendations for the year under review.
Chief financial staff summarized key figures from the audit: total revenue across the district's seven funds totaled $313,989,314 and total expenses were $275,696,207, producing a net increase in net position of $38,293,107. The district's general-fund unassigned balance, after accounting for a $6 million commitment to the 2025 budget, was reported at approximately $35,316,363, about…
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