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Audit: Nash County Public Schools used $1.6 million of reserves but auditor calls finances sound
Summary
An external audit shows Nash County Public Schools’ general fund balance fell by roughly $1.6 million from June 30, 2024, amid one-time conversion and funding shifts; auditors identified several significant deficiencies but no material weaknesses and said overall financial condition is good.
An external auditor told the board that Nash County Public Schools’ general fund had cash and cash equivalents of about $13.0 million and an ending fund balance of roughly $11.0 million as of June 30, 2025, representing a decrease of about $1.6 million from a year earlier. "So basically, y'all spent about 1,600,000.0 of your savings last year," the auditor said during the meeting.
The decline reflected both planned use of fund balance — the district had budgeted to spend $2.0 million this year and came in about $400,000 under that amount — and one-time transitions, the auditor said. He told the board that conversations with "Doctor Ellis and Sanders" indicated the demerger and a drop in funding from Edgecombe County were the main drivers of the drawdown.
The audit identified several significant deficiencies in internal control and compliance. Finding 25-01 described…
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