District news
2025 audit finds no problems; $15.3 million unassigned fund balance
What happened
On October 6, 2026 the treasurer reported that the FY2025 audit had no findings and an unmodified opinion. The unassigned general fund balance was $15.3 million, up about $4.3 million, and revenues of $57.2 million exceeded expenses of $46.3 million.
Why it matters to families
A clean audit and reserves give the district some cushion as enrollment and state aid fall.
The evidence
In the October 6, 2026 recording, the treasurer says "there were no findings in the audit" and reports an "unassigned general fund balance of $15.3 million."
The source
October 6, 2026 board meeting recordingSee the full record for McDowell County Schools.
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