Independent auditors issue clean opinion for Londonderry; auditors and staff report modest revenue surplus and noted long‑term retirement accounting impacts

Matthew Murray, the lead auditor from Vachon Couquet & Company, told the School Board on Jan. 28 that the Londonderry School District received an unmodified opinion on its audited financial statements for the year ended June 30, 2024, and an unmodified opinion on its federal program compliance testing.

Murray said the auditor's report found no material misstatements and no material audit adjustments were required. The audit firm performed a federal single audit because district federal expenditures exceeded the federal single‑audit threshold; Murray reported no findings for major federal programs and said the district's internal controls tested for grants and compliance were adequate.

Key financial points presented by auditors and district staff - Unmodified (clean) audit opinion for fiscal year ended 06/30/2024; no material audit adjustments or uncorrected misstatements reported. - Revenue/expenditure variances: The district reported about $296,000 in excess revenue on an approximately $86.4 million budget and total expenditures and other financing uses that were about $923,000 less than budgeted — favorable variances Murray described as within a healthy range for a district the size of…