Jones Company gives Eastern York SD an unqualified audit opinion; federal programs found compliant

Auditors from Jones Company told the Eastern York School District on Monday that the district's financial statements received an unqualified opinion and that federal-program compliance testing showed no errors or irregularities.

The unqualified opinion means, in the auditors' words, the district's financial statements "are adequately presented," Ed Evelyn, an auditor with Jones Company, told the board. He said the report was a single audit that included both financial statements and federal compliance testing.

Why it matters: An unqualified opinion is the standard clean report auditors issue when they do not find material misstatements in the financial statements. The audit also makes visible multi-year obligations that affect the district's fiscal planning, including pension and other postemployment benefit liabilities and a negative net position reported for the cafeteria fund.

Key findings and figures

- The auditors noted a general fund balance of about $10.67 million as of June 30, with general-fund assets reported at roughly $16.3 million and liabilities around $4.9 million. Ed Evelyn said those numbers are presented in the report in the fund-basis statements prepared by district staff.

- The capital projects fund carried a fund balance of about $5.4 million, and the student-activities fund showed about $107,000 in assets.

- The audit reports a governmental change in net position…