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Richland Middle College board reviews October finances; auditor reports favorable findings
Summary
Board members heard October financials from Prestige and an auditors' summary noting a favorable opinion and a return of more than $300,000 to fund balance; the board agreed to review the audit in detail and consider inviting the auditors to a future meeting to answer questions.
Richland Middle Colleges board of directors on Nov. 12 heard October 2025 financials from Prestige and an auditors summary that the administrator described as "favorable." Britney Sloan of Prestige presented key metrics, and an administrator reported the independent auditors had returned more than $300,000 to the schools fund balance.
In presentation, Britney Sloan reviewed the schools liquidity and operating metrics, saying, "Our days cash on hand... we're actual... we're looking at 331," and noting a trailing 12-month average of about 306 against a benchmark of 60. Sloan said salaries and benefits in October…
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