Auditor: Milan Area Schools to receive "clean" opinion; unassigned fund balance fell to about 7%

Raymond audit principal Dan Merritt told the Milan Area Schools Board of Education on Oct. 8 that the district—s financial statements for the year ended June 30, 2025, will receive an unmodified ("clean") opinion and that the district—s single-audit of federal grants is expected to receive an unmodified opinion.

Merritt said the audit work is essentially complete but that the formal single-audit issuance is pending federal guidance. He told the board the audit found no material misstatements, no material weaknesses and no significant deficiencies and described the result as a "squeaky clean audit." He also said the audit team reported one immaterial timing difference from the prior year tied to a legal settlement, which…