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District audit returns unmodified opinion; board urged to use monthly budget-to-actual reports as ESSER funds taper
Summary
Auditors issued an unmodified FY2025 opinion but reported expenditures outpaced revenues after COVID-era funds tapered off. Board members pressed for clearer monthly budget-to-actual reporting and more detail on special revenues and transfers.
Andrew Coleman, the auditor presenting the FY2025 audit, told the Newberry County School District board that the auditors "did issue an unmodified opinion," the strongest standard audit result, and that the district's financial statements were "materially correct." Coleman said delays in the federal compliance supplement and the South Carolina single-audit guide delayed final audit copies but the draft required for a Dec. 1 filing was submitted on time.
Coleman reported the district's general fund balance decreased slightly to $24,600,000 and showed an unassigned fund balance…
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