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Chariho audit returns clean opinion; fund balance, debt and reserves reviewed
Summary
Independent auditor presented a clean FY24 audit showing about $4.5 million of unassigned fund balance (approximately 7.1% of last year's budget) and noted pension and OPEB liabilities; the committee accepted the audit unanimously.
The committee received its fiscal year 2024 audit and voted unanimously to accept the auditor's report, which contained no findings or recommendations.
Mary Sahadi, the district auditor, told the committee the district received a clean opinion on the financial statements and reiterated management's discussion and analysis is included in the report. The government-wide statements show the district's net investment in capital assets and recorded the district's share of…
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