Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Chapel Hill-Carrboro board accepts FY2024 audit; auditors flag Title I over‑spend and low reserves
Summary
The Chapel Hill‑Carrboro City Schools Board unanimously accepted the district's FY2024 audit after auditors reported a clean opinion on the financial statements but a significant Title I compliance finding that produced $56,003.67 in questioned costs and noted an essentially depleted unassigned general‑fund balance.
The Chapel Hill‑Carrboro City Schools Board of Education unanimously accepted the district's audited financial statements for the fiscal year ended June 30, 2024, after a presentation from the district's independent auditors.
Dale Smith, engagement partner with audit firm Anderson Smith and Weick, told the board the firm issued a clean, unmodified opinion on the district's financial statements but identified one significant deficiency in federal compliance tied to the Title I program. "We did report 1 significant deficiency related to the Title I program," Smith said, noting the district reported 16.52% of Title I spending as…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
