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Derry Area SD auditor issues unmodified opinion; GASB 87 lease accounting added
Summary
External auditors told the Derry Area School District board the 2023–24 financial statements received an unmodified opinion, highlighted a net government‑wide deficit and noted new GASB 87 right‑of‑use lease entries; the single audit of federal programs also received an unmodified opinion with no control deficiencies.
The Derry Area School District Board of School Directors heard an audit presentation showing an unmodified opinion on the district’s 2023–24 financial statements, auditor George Josephovich of Zelenskowsk, Axelrod LLC said during the board meeting.
Josephovich told the board that government‑wide assets and deferred outflows totaled $62,700,000, liabilities were about $67,500,000 and deferred inflows were $8,100,000, which the auditor said produced a…
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