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Audit shows clean opinion but flags reconciliations, purchasing and budget violations
Summary
An independent audit of Hoke County Schools’ 2023–24 financial statements gave a clean opinion but found internal-control weaknesses including unreconciled accounts, purchase-order violations and roughly $432,000 in budget violations; auditors urged staffing and process changes.
An audit firm representative told the Hoke County Schools Board of Education on May 13 that the district's audited financial statements for the year ended June 30, 2024, received a clean, qualified opinion while the compliance testing uncovered internal-control problems that need board attention.
The auditor said the financial statements were “free from any sort of material misstatements or errors,” but reported four internal-control findings. The largest operational concern was that several general ledger accounts were not reconciled timely, a lapse that led to state and federal grant reimbursements for employer health insurance premiums not being requested on time and required local funds to cover roughly $400,000 of those premiums. The auditor recommended management implement month‑end reconciliations and ensure…
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