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Auditors report district likely to receive clean opinion; federal guidance delay pushes final sign‑off to January
Summary
Auditors expect to issue a clean opinion on the Cornwall‑Lebanon School District’s 2024‑25 financial statements, but a federal compliance supplement delay tied to a recent government shutdown means the single‑audit report cannot be finalized until the supplement is issued.
Auditor Jeffrey Kowalczyk, representing audit firm Barbara Kane Thornton, told the Cornwall‑Lebanon School District board that auditors anticipate issuing an unmodified (clean) opinion on the district’s 2024‑25 financial statements and on compliance for its major federal programs.
“We are anticipating issuing a clean or unmodified opinion on the financial statements,” Kowalczyk said, and added the team found no material weaknesses or significant deficiencies that must be reported to the board.
Kowalczyk explained why a final federal single‑audit opinion is delayed: the U.S. Department of Education’s federal compliance supplement —…
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