Auditor reports clean opinion on Lacey Township School District 2023–24 audit

Catherine Perry of Jeff Perry & Company LLP told the Lacey Township Board of Education that the district's audit for the fiscal year ended June 30, 2024, resulted in an unmodified opinion and no audit findings.

Perry presented the audit deliverables the firm files with state and federal agencies and with bond holders and said the district's Annual Comprehensive Financial Report (ACFR) — the detailed financial report — consists of about 150 pages of financial data. "Unmodified is a clean opinion. We had no findings," she said, summarizing the audit team's conclusions. Perry added that the auditor's management report and the federal data collection form were submitted and contained no findings.

Why it matters: an unmodified opinion means the independent auditor found the district's financial statements to present fairly, in all material respects, in accordance with accounting standards. That conclusion is used by state and federal agencies and by bond holders when assessing the district's fiscal condition.

Key facts presented to the board:

- Audit period: fiscal year ended June 30, 2024. - Deliverables: audit summary, ACFR and federal data-collection forms were submitted to the state and federal agencies; the audit summary was submitted to state reviewers (presentation referenced a January filing date for the summary). - Findings: the auditor reported no findings on grants, payroll, disbursements, purchase orders, busing, cafeteria operations or major federal programs tested.

Perry told the board the audit report is available on the New Jersey Department of Education website and on the district's website. She thanked the district business office for its cooperation during the audit.

The board did not take a formal roll-call vote on the audit presentation; the auditor presented the results as part of the business meeting record.