NC State Auditor: WS/FCS FY 2025 Finances Have 'Severe Weakness'

NC State Auditor: WS/FCS FY 2025 finances have 'severe weakness'

The follow-up report examined the district's Fiscal Year 2025 finances, pointing out poor accounting and financial practices that contributed to the district's deficit. WS/FCS leaders say they have taken corrective actions.

'Off-the-books budgeting' contributed to Winston-Salem/Forsyth County Schools' $46 million deficit, state auditors office says

WINSTON-SALEM, N.C. (WGHP) — Off-the-books budgeting and accounting practices were part and parcel of the "financial misconduct" the state auditor's office discovered as Winston-Salem/Forsyth County Schools fought to claw its way out of a $46 million budget deficit last year, according to a new report released by the state. The North Carolina State Auditor's Office [...]

Read the letter Winston schools sent to community about new audit report

"We have acknowledged that poor practices led to last year’s deficit, the school district in a message to families."

Audit Exposes $15M Hidden Spending in WS/FCS Budget Crisis

By A.J. Daniel The Winston-Salem Chronicle WINSTON-SALEM — For months, parents, teachers, and taxpayers across Forsyth County have been asking how a school district already facing a $46 million budget deficit reached such a severe financial crossroads. A newly released follow-up report from the North Carolina Office of the State Auditor offers troubling insight into how the crisis unfolded, citing weak financial controls, delayed accounting prac…