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Auditor flags general-fund deficit and child-nutrition shortfall in Chatham County Schools audit
Summary
External auditors reported a 'clean and modified' financial opinion but identified a general-fund deficit that the district must appropriate and two budget-related compliance findings; the child nutrition program reported a multi-hundred-thousand-dollar loss and required a $592,000 transfer from the general fund last year.
Dale Smith of Anderson, Smith and Wike presented the Chatham County Schools 2024–25 audit at the board’s Jan. 12 meeting, telling board members the financial-statement opinion was "clean and modified" while also flagging budget risks the district must address.
Smith said the district’s governmental-funds column shows the general fund with cash and cash equivalents in the neighborhood of $3 million and total liabilities that produce a reported general-fund deficit (the transcript reports the deficit as approximately $1,000,004.95). He said the deficit represents a decrease from the prior-year fund balance and that the board will need to appropriate the deficit…
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