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External auditors give Bethlehem Central a clean opinion but flag fund‑balance threshold
Summary
Heather Lewis, an external auditor with MMB, told the Bethlehem Central Board of Education the firm issued an "unmodified opinion" on the district's 2024–25 financial statements but reported one audit finding: the unassigned fund balance exceeded the 4% threshold auditors use for reporting.
Heather Lewis, an external auditor with MMB, told the Board of Education the firm issued an "unmodified opinion" on the district's 2024–25 financial statements, meaning the financial statements were "materially correct and in accordance to generally accepted accounting principles." She added the auditors reported a single finding related to the unassigned fund balance being "in excess of 4%," and that the previously reported finding about adjusting journal entries was not repeated this year.
Superintendent Jody Monroe and business office staff reviewed the major revenue and expense drivers behind the year-end results. Administrators reported a roughly $4.5 million operating surplus for 2024–25, driven in part by an unexpected pilot payment—about $618,000—that was…
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