District news
Draft audit shows the district ran out of spare money
What happened
A draft audit for the 2025-26 year shows a negative unassigned balance of about $342,000 across the general fund and another local fund. A finance consultant suggested asking county commissioners for $300,000 to $500,000 more this year.
Why it matters to families
With no savings left, the district has little room for surprises and may need more county money or more cuts. Board members called it a broke school system.
The evidence
In the October 2026 recording the auditor presents the draft 2025-26 audit and the negative combined unassigned balance, and the consultant recommends the county request. The prior year's final audit already showed unassigned general fund money down to about $108,000.
The source
October 2026 regular board meeting (recording)See the full record for Gates County Schools.
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