NCPS Board Meeting 1/05/2026 - 5:00 PM

Nash County Public Schools Board (Policy & Committee Meetings) · January 6, 2026

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General fund snapshot and two-year fund-balance change

Presentation

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Auditor (speaker 1) presented page 13 showing general fund cash and equivalents of $13,000,004.45 and a June 30 fund balance of $11,000,009, reporting a decrease of about $1,600,000 from 06/30/2024 and noting the district budgeted to spend $2,000,000 but spent $1,600,000 (about $400,000 under budget), leaving a two-year net increase of roughly $400,000.

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External auditor reviewed Nash County Public Schools financial statements and compliance testing, reporting a $1.6 million drop in fund balance since June 30, 2024, multiple compliance findings (reconciliations, budget entries, indirect cost overcharge, months-of-employment adjustment) and recommended policy changes were advanced by the policy committee.

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Transcript

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