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Board accepts 2024–25 financial audit; auditors report unmodified opinion
Summary
The Livonia Public Schools Board accepted the district's 2024–25 financial statements and received an auditor presentation from Plante Moran, who issued an unmodified audit opinion and noted a draft single audit pending the federal compliance supplement.
The Livonia Public Schools Board unanimously accepted the district’s 2024–25 financial statements on Oct. 20 after a presentation by auditors from Plante Moran highlighting a clean audit opinion and sound fiscal controls.
Superintendent Allison Smith and auditors told the board that the district’s 2024–25 actual revenues and expenditures were within 0.5% of the adopted budget and that the general‑fund ending balance was $31.3 million, about 16.8% of expenditures — inside the Michigan School Business Officials’ recommended 15–20% range. Auditor Stephanie Atkinson said Plante Moran issued a non‑modified (clean) opinion on the financial statements…
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