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Audit finds Beacon City School Districtunassigned fund balance above New York limit; auditor expects clean opinions
Summary
EFPR audit director told the Board the district's basic financial statements and federal single audit should receive unmodified opinions but disclosed one compliance finding: the district's unassigned fund balance is 5.28%, above the 4% limit in New York law (finding noted in the report).
Brian Sama, director on the audit engagement with EFPR, told the Beacon City School District Board of Education on Oct. 6 that auditors expect to issue "unmodified opinions" on the district's basic financial statements and on the federal single audit but disclosed one required finding under government audit standards.
The finding, recorded in the audit as finding 2025-0001 in the presentation, cites New York State's limit on unassigned fund balance under the state real property tax rules; the district's unassigned fund balance was reported at…
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