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Audit finds Duplin County Schools’ finances stable; child nutrition fund posts $266,150 cash gain
Summary
An independent draft audit presented Nov. 6 shows Duplin County Schools closed year‑end 06/30/2025 with a general fund balance of about $6.4 million, minimal adjustments and no material compliance findings; the child nutrition fund reported a $266,150 net increase in cash and remains restricted to nutrition uses.
Adam Shapurick of Anderson Smith and White presented the district’s draft 2024–25 independent fiscal audit at the Duplin County Schools board’s Nov. 6 business session, saying the statements "accurately reflect the net position and the fund balance of Duplin County Schools as of 06/30/2025 and for the year that ended." He described the packet as a draft because federal compliance supplements are pending and the Local Government Commission (LGC) has not yet accepted final filings.
The auditor reported a general fund balance of about $6,396,000 as of June 30, 2025 — effectively breaking even year over year with an increase of roughly $10,000 — and noted the district spent budgeted amounts from its special revenue funds, including…
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