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Oak Park–River Forest auditors give district a clean FY24 opinion; general fund balance rose sharply
Summary
The district’s auditor told the Committee of the Whole the FY24 audit produced an unmodified opinion and a top ISBE score; board members probed why the general fund balance grew and how accounting conventions and one-time items affected results.
The Oak Park–River Forest School District’s Committee of the Whole heard a presentation on the fiscal year 2024 audit on Jan. 8, 2025, during which the district’s external auditor said the audit produced an unmodified opinion and the Illinois School Board/ISBE submission earned a top score.
McKay Thorpe, the audit manager from Lauterbach and Amen, told the board the district received “an unmodified opinion, which is the highest opinion that we can offer,” and described the audit as a reflection of the business office’s preparation.
The auditor and district staff highlighted several results and causes. The audit showed what the presenter called about a $7.2 million increase in the general fund (roughly 17%) and an ending general fund balance of about $49 million. The auditor noted that, when compared with total expenditures (about $72 million, excluding certain on-behalf items), the…
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