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Independent auditors give Mount Lebanon an unmodified opinion; fund balance edges up to about 5.99%
Summary
Auditor Justin Vancheri reported an unmodified opinion on the district's financial statements, a near-$7.5 million unassigned fund balance (about 5.99% of next year's budget), $98.8 million in outstanding general obligation bonds and a $142.6 million net pension liability; the single-audit of federal programs had no findings.
Justin Vancheri, representing the district's independent auditors, told the Mount Lebanon Board of School Directors Monday that the auditors issued an unmodified opinion on the 2024–25 financial statements, the highest standard an auditor can give.
"We issued an unmodified opinion," Vancheri said, adding that the district's general fund unassigned balance stood at about $7.5 million, or about 5.99% of next year's budgeted expenditures. He told the board the district is moving toward the state-recommended…
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