Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Draft audit shows clean opinion; auditor flags capital-outlay budget violations and one funding misallocation
Summary
The district's draft 2024-25 financial statements received a clean (unmodified) opinion, the auditor reported increases to several fund balances, but cited two significant deficiencies: capital-outlay budget violations (repeat finding) and a media specialist temporarily charged to an incorrect allotment (corrected before year-end).
Transylvania County Schools' draft audited financial statements for the year ended June 30, 2025, received a clean opinion and showed modest additions to multiple fund balances, the district's auditor told the Board of Education on Nov. 17.
Shannon Dennison presented the draft statements and explained the auditor expects only to change the issuance date once required federal documents are signed nationally. She said the general fund added almost $70,000 and ended the year "a little under $3,400,000 or $3,500,000"…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
