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External auditor issues clean opinion; board approves consensus agenda including reserve allocations
Summary
An external audit partner told the Niagara‑Wheatfield Board of Education the districtreceived an unmodified (clean) opinion on its 2024-25 financial statements; the board approved consensus agenda items that include proposed reserve funding the district plans to adopt by resolution.
The Niagara‑Wheatfield Central School District Board of Education heard from external audit partner Luke Palacky, who said the auditors had "satisfactory evidence to determine that we have an unmodified or clean opinion on the financial statements" for the year ended June 30, 2025. The draft financial statements are in quality control review and will be submitted to the state on ST-3 forms once finalized.
Palacky told the board the district reported roughly $82.3 million in general‑fund revenues and about $79.7 million in expenditures, producing a roughly $2.6 million increase in fund balance for the year. He attributed much of the year‑over‑year expenditure change to federal COVID‑era grants winding down and to salary shifts when federal‑funded positions moved back into the general fund. He also said transportation contract…
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