Auditors present draft 2024–25 report; find internal control weaknesses and compliance issue in single audit
External auditors told the William Penn School District board that the draft 2024–25 audit included an unmodified opinion on the financial statements, a modified compliance opinion for federal programs, three significant control deficiencies and two material weaknesses; federal expenditures were about $11.2 million and an operating shortfall was bridged by debt.
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Auditors from Barbara Caine Thornton & Company presented a draft audit for the fiscal year ended June 30, 2025, telling the William Penn School District board that the basic financial statements received an unmodified opinion while the single-audit compliance work resulted in a modified compliance opinion.
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