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Independent auditors issue clean opinion; board assigns $25.4 million in general fund balance
Summary
At a Sept. 24 Board of Education of Cecil County work session, independent auditors reported a clean, unmodified opinion on the fiscal year 2025 financial statements and the board approved the presented assignment of the general fund balance totaling $25,394,091.
Members of the Board of Education of Cecil County on Sept. 24 heard from independent auditors and approved an accounting designation that assigns the district’s general fund balance of $25,394,091.
UHY principal Jason Ostrowski told the board the audit team expected to issue a "clean, unmodified opinion" on the FY2025 financial statements and that auditors had identified no material weaknesses or instances of noncompliance during the engagement. Ostrowski also said the district’s single-audit report on federal awards was pending completion of the federal compliance supplement but that auditors had completed their testing and expected no findings.
The audit’s conclusion matters because it affirms the district’s financial statements were prepared in…
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