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South Fayette receives clean audit for 2023–24; general fund balance $33 million
Summary
Auditor Steve Niedenberger told the board the district’s 2023–24 financial statements received an unqualified opinion, the general fund closed with about $33 million, and federal spending triggered a single audit with no findings.
Steve Niedenberger, representing HOSA Expect, Mutsu and Wood, told the South Fayette Township School District Board of School Directors that the firm issued an unqualified (clean) opinion on the district’s 2023–24 financial statements.
Niedenberger said the district reported roughly $42.9 million in assets in the general fund and about $10 million in total liabilities and deferred inflows, leaving a June 30, 2024, general fund balance of approximately $33,000,000. He told the board about committed portions of that balance — “a…
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