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Pottsgrove School District audit shows $4.4 million surplus but flags reconciliation controls
Summary
External auditors delivered unmodified opinions on the 2023–24 financial statements and federal child nutrition testing, while noting an internal-control finding tied to late year reconciliations; the board accepted the audit.
The Pottsgrove School District board accepted the 2023–24 audit on March 12 after external auditors reported an unmodified opinion on both the district’s financial statements and its tested federal program, while identifying a control weakness in year‑end reconciliations.
Auditor Chris Turtell, representing the district’s external auditors, told the board the audit returned a “clean” opinion on the financial statements and on the child nutrition cluster the team tested. "We issued unmodified opinions on both the financial statements and on the federal program," Turtell said, noting the district ended the fiscal year with a roughly $4.4 million surplus largely driven by stronger‑than‑budgeted revenues.
The surplus was driven primarily by higher local receipts, the auditor said: interim real estate taxes, increasing earned income tax receipts (about $920,000 over budget) and unexpectedly high interest income. Turtell said state basic education and special…
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