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Niagara Falls school board accepts clean external audit; general fund grew $4.2 million
Summary
The Niagara Falls City School District received an unmodified (clean) audit for year ending June 30, 2025, and the board voted to accept the audit at its Oct. 15 meeting. Auditors and district leaders highlighted a $4.2 million increase in the general fund and noted pressures ahead as revenues and expenditures converge.
The Niagara Falls City School District board voted Oct. 15 to accept the district's external audit for the year ended June 30, 2025, after auditors reported an unmodified (clean) opinion and district staff described an increase in reserves.
Drescher & Malecki auditors told the board their work produced “an unmodified opinion” and that the district’s financial statements “are fairly stated” for the year ending 06/30/2025. Superintendent Mark Lohrey said the district’s general fund increased by $4,200,000 in 2024–25 and recommended the board approve the audit at the voting meeting that followed the agenda review.
The auditors presented trend data showing that general fund revenues have exceeded expenditures in each of the last five years, a pattern…
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