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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 accounting standard on compensated absences (GASB 101); the auditor said the district’s recalculation of compensated‑absence liability affected government‑wide statements by about $1,700,000.
The auditor also summarized the extra classroom activity fund (ECAF) audit. That audit received a qualified opinion because of “insufficient accounting controls over cash receipts at the point of collection,” the auditor said. The auditor explained the finding reflects the nature of student cash collections—money passed among students and volunteers before deposit—rather than a single instance of staff misconduct. A management letter with recommendations for ECAF internal controls accompanied that opinion.
The single audit, which tests federal programs, remains in draft because the auditors are waiting for the federal Office of Management and Budget to publish the 2025 compliance supplement. The auditor said the draft single audit did show an unmodified opinion on compliance for the major programs the team tested, and that the audits of Title I and the child nutrition cluster produced no findings.
Board members thanked the audit committee and Carrie, the district’s business official, for preparing financial information that auditors described as ready for review.
The district cannot finalize and submit the single audit until the OMB compliance supplement is issued, the auditor said, and the team will reconvene with district staff to complete that work once the federal guidance is available.
