The Alamance-Burlington school system ended the 2025-26 fiscal year on June 30 in the black, with approximately $3.7 million in unassigned fund balance, or rainy-day savings, based on preliminary results of the financial audit.
The $3.7 million in unassigned fund balance that ABSS ended the previous fiscal year with represents a slight increase of about $16,000 over the amount that had been reported at the end of June 2025, based on a presentation that the school board heard last week by Dale Smith of the Anderson Smith & Wike accounting firm in Rockingham.
ABSS received a “clean, unmodified” opinion – the gold standard in accounting – of how its managed its finances in 2025-26, marking the second consecutive fiscal year for which ABSS has received a glowing report from its external auditor…