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Auditor issues clean opinion; Carteret reports modest fund-balance gains, CEP eases school lunch losses
Summary
An external auditor gave Carteret County Schools a clean, unmodified opinion for fiscal year 2024-25, reporting a $620,000 increase in the general fund and improvements in the child nutrition fund thanks to CEP and state incentives, while federal ESSER revenues decline.
An external auditor told the Carteret County Board of Education on Nov. 5 that the district’s financial statements for the year ending June 30, 2025, received a clean, unmodified opinion and that several one-time and structural items shaped the results.
“The financial statements presented here … accurately reflects the position and the year activity for 06/30/2025,” the auditor said, summarizing the audit and the firm’s unmodified opinion.
Why it matters: The report shows the district added $620,000 to its general fund balance and an $801,000 increase in other special revenue, while the capital outlay fund fell by roughly $2 million largely because of hurricane Florence project spending and reimbursements. Those fund-balance changes affect how long the district can absorb funding…
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