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Auditor: Averill Park district receives clean financial opinion; single audit pending federal guidance
Summary
The district’s financial statement audit received an unmodified (clean) opinion; auditors noted a material accounting change under GASB 101 and a qualified opinion on extra classroom activity funds because of cash receipt controls. The single audit remains in draft pending the federal compliance supplement.
Auditors gave the Averill Park Central School District an unmodified opinion on the district’s financial statements at a recent board meeting, but they reported several technical matters the board should note, including an accounting change under GASB 101 that materially affected government‑wide reporting.
The on‑site supervising auditor said the audit of the district financial statements is complete and received a clean opinion. The audit team issued an emphasis of matter related to the new…
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