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Franklin County schools disclose $1.7 million audit deficit; superintendent to present remediation plan
Summary
Superintendent Dr. Sears told the Board that a fiscal year 2025 audit found a deficit of more than $1.7 million caused by a FY24 accounting error; the school division plans to present a formal mitigation plan in January and is working with county staff on options for reductions and available carryover funds.
Franklin County Public Schools disclosed a deficit of more than $1.7 million for fiscal year 2025 during the Board of Supervisors meeting on Dec. 16, prompting pledges of cooperation between county and school officials to develop a remediation plan.
"We were recently informed that the audit of our financial records from fiscal year 2025 showed that we ended the year with a deficit of over $1,700,000," Superintendent Dr. Sears said. He explained the…
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