CFO: Rappahannock County schools receive a 'clean' audit; superintendent previews FY27 budget impacts
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Summary
CFO Stacy Britt told the board the district received a clean audit, walked through balance-sheet exhibits and returned $11,633 to the county; Superintendent Dr. Grimsley previewed the governor’s FY27 proposal and warned health-insurance costs are a key uncertainty for the district’s budget.
The Rappahannock County School Board heard an audit overview from CFO Stacy Britt, who told the board the district’s portion of a larger county audit produced a "clean audit," the highest ranking an audit can receive.
"Overall, he did say that he, we had a clean audit, which is nice because it's the highest rep the highest ranking you can get," Britt said as she reviewed exhibit references and the year‑end balance-sheet presentation.
Britt explained that apparent year-end cash figures must be adjusted for accrued payroll and accounts payable that revert to the previous budget year; after those adjustments, the fund balance appears as expected on the fund-balance exhibit. She also said the district returned $11,633 to the county and referenced exhibit 35 for the reconciliation.
Superintendent Dr. Grimsley then presented a preliminary FY27 revenue summary based on the governor’s budget proposal. She said the governor’s proposal would put the district roughly "$312,803" to "$323,655" ahead in Standards of Quality programmatic funding and called out increases in at‑risk add‑on, special education, and the Virginia Preschool Initiative (VPI).
"In the governor's budget, that puts us, $312,803 ahead in the black," Dr. Grimsley said, while also cautioning that the proposal will change as the General Assembly amends it. She asked the board to plan the coming work session around budget parameters and noted health insurance is a major variable; staff expect to present a benefits consultant at the upcoming work session to review claim data and options.
Board members noted the need to plan for potential health-insurance increases; Dr. Grimsley and staff discussed informally modeling a 20–25% increase based on claim trends while reminding the board that exact figures may not be available at the work session.
The board scheduled a budget work session for next Tuesday at 6:30 p.m. in the school board office to review health‑insurance options and preliminary staffing estimates.
