Independent auditor gives Unionville‑Chadds Ford ‘unmodified’ opinion for 2023–24 fiscal year

An independent audit of Unionville‑Chadds Ford School District’s financial statements for the year ended June 30, 2024, resulted in an unmodified opinion, the district’s auditor reported at the March 10 work session.

Carl Hogan, representing the auditing firm, told the board the independent auditor’s report presented a “boilerplate unmodified audit report,” indicating the audited numbers were fairly presented. He said the required supplementary information — management’s discussion and analysis and budgetary comparison schedules — remains an important source of context even though auditors do not give an opinion on that material.

Hogan highlighted several items from the audit presentation: the district’s general‑fund fund balance at year end (presented in the briefing as $6.9 million after a year‑over‑year change), a year‑over‑year decline from $7.6 million the prior year, and the breakout of revenues and expenditures by source and function. He said revenues were generally close to budget, noting investment earnings and transfer‑tax variations as common drivers of variance, and that expenditures were modestly over budget in areas such as special education and related transportation.

On federal programs, Hogan said the district’s major federal program in the year was special education (IDEA) and that audit procedures did not identify material weaknesses or significant deficiencies. He said the district timely filed required state reports and that the firm will post financial statements for bondholders and file the report with the federal clearinghouse as required.

Board members praised the result. "Unmodified clean audit," one board member said in closing during the discussion.