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Finance committee hears clean FY2024 audit; fund balance rises to $72.2 million
Summary
The Beaufort County Board of Education Finance Committee received a clean (unmodified) audit opinion for the fiscal year ended June 30, 2024, with no material weaknesses or single-audit findings; the general fund balance grew to about $72.2 million, supporting the district's strong financial position and recent credit rating affirmation.
Brian Nicholson, engagement director for the district's fiscal 2024 audit, told the Beaufort County Board of Education Finance Committee on Dec. 5 that auditors issued an unmodified (clean) opinion on the district's June 30, 2024 financial statements.
"We issued an unmodified or clean opinion over the district's June 30, 2024 financial statements," Nicholson said during his presentation. He reported no material weaknesses or significant deficiencies that required…
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