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Audit: Jersey Shore Area School District posts healthy reserves; single-audit opinions unmodified
Summary
Independent auditors Baker Tilly reported unmodified opinions on the district's June 30, 2024 financial statements and federal program compliance, highlighted a $10.4 million general-fund balance and said auditors found no material weaknesses.
Baker Tilly auditors told the Jersey Shore Area School District board on Jan. 13 that the district's fiscal-year 2024 financial statements and its major federal program compliance received unmodified opinions and that the district ended June 30, 2024, with a $10.4 million general-fund balance.
The audit presentation, delivered by John Compton and Rebecca Swales of Baker Tilly, summarized the audit and a single-audit testing of federal awards. The auditors said the opinion on the financial statements was “unmodified,” meaning the statements were fairly presented in all material respects, and the federal award compliance opinion was also unmodified.
The audit matter…
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