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Audit shows clean opinions; general fund balance dipped and child nutrition ran a loss
Summary
External auditors reported an unmodified opinion on Moore County Schools' financial statements for FY ended 6/30/2025, noted a decrease in unassigned fund balance and a reported loss in the Child Nutrition fund that reduced cash balances.
Dale Smith, CPA and partner at Anderson, Smith & White, told the board the FY24–25 comprehensive annual financial report will be finalized pending a federal compliance supplement and that the firm issued a clean (unmodified) opinion on the financial statements and three clean compliance letters.
Key figures Smith cited: the general fund had about $7.0 million in cash and cash equivalents at June 30, 2025, and the…
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