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Independent auditors give Craven County Schools a clean opinion while flagging dropping enrollment and shrinking fund balance
Summary
Anderson Smith Lake presented draft 2024–25 audited financial statements showing a clean, unmodified opinion but warning of a 4.5% drop in average daily membership and a sharp reduction in local fund balance that will squeeze next year’s budget.
Adam Sapirk, partner at the independent audit firm Anderson Smith Lake, told the Craven County Board of Education that the firm issued a clean, unmodified opinion on the district’s draft financial statements for the year ended June 30, 2025. "These financial statements accurately reflect the net position and the fund balance for Craven County Schools as of 06/30/2025. This is considered a clean, unmodified opinion," Sapirk said.
Sapirk said the audit is in draft form pending final federal compliance supplements and that any change is likely to be limited to the statement date rather than amounts. He highlighted a decline in average…
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