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Audit finds no material weaknesses; BASD posts $4.5 million surplus
Summary
Independent auditors Gorman and Associates reported no significant deficiencies or material weaknesses in the Bethlehem Area School District's fiscal 2023-24 audit and noted a nearly $4.5 million surplus and continued operating profits in food service.
Gorman and Associates told the Bethlehem Area School District Board that the district's audited financial statements for the year ended June 30, 2024, show no significant deficiencies or material weaknesses and a fund balance of $72,351,866.
Hank Miller, a partner at Gorman and Associates, reported the results during the board's combined committee meeting. "Based on our audit procedures we believe the financial statements are presented fairly to you the board and…
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