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External auditors give district a clean opinion; board warned that spending exceeded revenues
Summary
External auditors reported an unmodified opinion on the district’s FY2025 financial statements and showed a higher-than-expected year-end fund balance, while board members cautioned the district spent more than it took in and urged attention to sustainability.
External auditors told the South Orangetown Board of Education their financial-statement audit for the fiscal year ending June 30, 2025, resulted in an unmodified (clean) opinion and no fraud or illegal acts were noted.
Melissa Zott, engagement partner, presented the audit and said: “We have issued an unmodified opinion.” She and manager Carolyn Koff reviewed the district’s general fund, other operating funds, debt service and grant activity and reported that revenues came in about $4.2 million higher than budgeted and the district recorded budgetary savings of about $1.6 million on expenditures.
Koff summarized revenue drivers: the district recorded $114.2 million in total revenues for 2025, about $1.3 million higher than the prior year. She attributed the largest revenue surplus to “use of…
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