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Auditor reports anticipated 'clean' opinion for Cornwall‑Lebanon financial statements; federal single‑audit finalization delayed
Summary
An external auditor told the board he expects an unmodified (clean) opinion on the district's 2024‑25 financial statements and on compliance for major federal programs, but the federal single‑audit final report remains pending until the federal compliance supplement is finalized following a federal shutdown.
Jeffrey Kowalczyk, the engagement auditor representing Barbara Kane Thornton, presented the district’s financial statement audit for the year ended June 30, 2025, and told the board he is "anticipating issuing a clean or unmodified opinion on the financial statements" and an unmodified opinion on compliance for major federal programs.
Kowalczyk explained that final federal guidance (the federal compliance supplement) was delayed —…
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