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Pamlico County Board accepts clean FY2024 audit, approves budget amendment adding grants and donations
Summary
The board accepted a clean, unmodified audit opinion for FY2023–24, reviewed management comments, and approved budget amendment No. 5 to add grants (AJ Fletcher Foundation, Bosch Community Foundation) and a class donation for a one‑time scholarship.
The Pamlico County Board of Education accepted the fiscal year 2023–24 audit and approved a budget amendment that adds grant and donation revenue.
Paul Carson of accounting firm Anderson Smith and Wike presented the district’s annual audit, reporting a clean (unmodified) opinion on the financial statements and clean compliance letters for federal and state grant testing. Carson noted the general fund balance as of June 30, 2024 was $590,002.17, a decline year over year (approximately $260,000 down from the previous year and roughly $430,000 over two years). He flagged the district food‑service program’s loss of about $39,006 for the year but said cash balances remained positive. The auditors issued a separate management letter with suggestions to strengthen internal controls and operating efficiency.
Finance director Miss Altman presented budget amendment No. 5 for restricted funds to reflect receipt of AJ Fletcher Foundation funds (to support baseball field costs), a Bosch Community Foundation grant (CTE health science equipment), and donations from the PCHS class of 1983 to establish a one‑time scholarship in memory of Tommy Squires. Board members asked a few clarifying questions; Henry Rice confirmed he prepared the AJ Fletcher grant application. The amendment was moved and approved by voice vote.
Following the audit presentation, the board moved, seconded and approved the audit for the fiscal year ending June 30, 2024.
