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Colchester School District audit earns unqualified opinion; food service fund shows $477,001 deficit
Summary
District auditors reported an unqualified opinion on the 2024 financial statements and highlighted an increase in the food service fund’s unrestricted deficit to $477,001 at the school board meeting.
The district’s 2024 financial statements received an unqualified opinion, district auditors told the Colchester School District Board of Education, but the food service enterprise fund ended the year with an increased unrestricted deficit of $477,001.
Rick, the auditor who presented the report, said, “the town of Colchester Colchester School District has achieved an unqualified opinion.” He told the board the 80-page audit includes a user-friendly management’s discussion and analysis and…
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