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Norwin School District audit issues unmodified opinion; general fund fell about $3 million in 2023-24
Summary
Mark Turney, the auditor who presented Norwin School District’s 2023-24 financial audit at the board’s Feb. 17 meeting, said the independent auditor’s report included an "unmodified opinion," meaning the financial statements conform to professional standards.
Mark Turney, the auditor who presented Norwin School District’s 2023-24 financial audit at the board’s Feb. 17 meeting, said the independent auditor’s report included an "unmodified opinion," meaning the financial statements conform to professional standards.
That opinion, Turney said, accompanies a year-end general fund balance of about $8,698,000 — roughly $8.7 million — a decline of about $3 million from the prior year. Turney told the board the district’s actual decline was smaller than what the district had budgeted; the board had projected using about $4.38 million of fund balance but used a bit more than $3 million.
The auditor said the district’s unassigned fund-balance portion was 8.4% as of June 30, 2024. Turney…
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