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Northbrook SD 28 receives clean audit; board approves financial reports and budget calendar

2165438 · January 30, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Independent auditor gave the district a "clean, unmodified opinion." Board approved the annual finance report, financial statements, tentative FY26 budget calendar and authorized staff to prepare the tentative budget.

Avin, the district’s independent auditor, told the Northbrook SD 28 Board of Education on Jan. 28 that the auditors issued a "clean, unmodified opinion," and found no reportable issues with the district's internal controls or the way the finances are presented.

The auditor said the district's general fund — the main operating fund — had a net increase of $1,800,000 in the year under audit, leaving an ending general fund balance of $22,500,000 and a total districtwide ending fund balance of $25,100,000. "If you turn to page 1 ... you'll find our ... independent audit report in which we provide a clean, unmodified opinion," Avin said during the meeting.

The clean…

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