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External auditor issues clean opinion on Rockingham County Schools' 2025 finances; one corrected compliance finding noted
Summary
Anderson Smith & White reported a clean, unmodified opinion on Rockingham County Schools' audited financial statements for the year ended June 30, 2025, noting an increase in general fund balance and one corrected compliance finding related to child nutrition inventory.
Paul Carson, an auditor with Anderson Smith & White, told the Rockingham County Schools board the firm issued a clean, unmodified opinion on the district's financial statements for the year ended June 30, 2025. "We are happy to report that it is a clean, unmodified opinion," Carson said during the meeting.
The auditor highlighted an increase in the district's general fund balance compared with the prior year and presented fund-level details. Carson reported the general fund balance was about $4,000,008 as of June 30, 2025, an increase of roughly $1.4 million over June 30, 2024. School food service showed a year-over-year improvement driven primarily by higher U.S. Department of Agriculture reimbursements; cash balances and the childcare fund were also described as in sound condition.
Carson also reported one compliance finding (No. 25-01) related to the child nutrition inventory, which was keyed into the accounting system incorrectly and required a material journal entry to correct the general ledger as of June 30, 2025. "That finding 25-01 pertained to a child nutrition inventory item that was keyed into the accounting system incorrectly," Carson said. According to the auditor, management corrected the misstatement and the firm included the adjustment in its required communications letter; the office said it will follow up on the finding in the June 30, 2026 audit.
District staff members thanked the audit team for the review and for the cooperation during the process. No formal board action on the audit report was recorded at the meeting; the presentation served as the required formal communication of the audit opinion and findings.
The next steps noted by the auditor include continuing internal control and compliance follow-up in the subsequent audit cycle and ongoing encouragement that the district avoid reliance on fund balance for recurring operations.
Provenance: topicintro SEG 056, topfinish SEG 236.
