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Auditors give Randolph County Schools a clean FY24 opinion; unassigned fund balance rises to about $5.1 million
Summary
External auditors presented an unmodified (clean) FY24 opinion, reporting net assets up about $2.7–$2.8 million, total revenue up roughly $4.7 million and an unassigned fund balance of about $5.1 million; COVID stimulus funds boosted revenue but are expected to be exhausted in FY25.
Auditors told the Randolph County Schools board that the district received an unmodified — or clean — opinion for its fiscal year that ended June 30, 2024, citing healthy increases in net assets and revenue but noting much of the growth came from one-time stimulus funding.
“On that same day… we have what's called an unmodified or a clean opinion,” said Mr. Smith (S5), the auditor presenting the FY24 audit, adding that the audit examines the district’s…
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