Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Independent audit: Milton’s financial statements receive unmodified opinion; general fund shows $12 million balance
Summary
Johnson Block presented the Milton School District’s 2024 audit Jan. 27. The firm issued an unmodified opinion, reporting a general fund ending fund balance of about $12 million and an unassigned general fund balance roughly 22% of the subsequent year’s general fund budget.
Johnson Block audit manager Hui Meng presented the Milton School District’s 2023–24 financial audit in public session Jan. 27, telling the board the auditors issued an unmodified opinion on the district’s financial statements and found them free of material misstatement under U.S. generally accepted accounting principles.
Hui Meng summarized key figures: the general fund’s total assets were approximately $15.9 million and total liabilities about $3.9 million, yielding a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
