The town of Benson has been grappling with financial difficulties as it has repeatedly tapped into its general fund to offset losses in its utility fund, according to a recent independent audit. This practice has resulted in a deficit, raising concerns about the town’s fiscal health.

Audit Findings

Jay Sharpe, Director of Sharpe-Patel Audit Services, who has been working with Benson for six years, explained that the town’s financial situation has been deteriorating over the past several years. The audit revealed that the general fund had lent approximately $2.7 million to the electric and water and sewer funds by the end of 2025.

Sharpe noted that the utility fund has struggled to generate revenue, which has been a significant factor in the town’s financial challenges. He attributed some of these issues to high turnover in key leadership positions, including town managers and finance directors, which has impacted the town’s ability to maintain fiscal responsibility.

Leadership Changes

The Benson Board of Commissioners is currently in search of a new town manager and assistant town manager following the departure of the previous officeholders. The stability of these positions is crucial for the town’s budget management and operational efficiency.

Signs of Improvement

Despite the current financial strain, Sharpe expressed optimism about Benson’s future. He mentioned that the town is managing its day-to-day operations and is on a path to recovery. Notably, the water and sewer fund generated a profit last year, and the electric fund is showing signs of improvement.

As Benson works to stabilize its finances, the focus remains on securing competent leadership to guide the town through these challenges and ensure long-term fiscal health.

Original reporting: WRAL Raleigh — read the source article.