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Valley Central board accepts external audit; auditors issue unmodified opinion
Summary
The board accepted the external audit for the fiscal year ending June 30, 2025, and approved the corrective action plan. The external auditor told trustees they would issue an unmodified opinion and found no material weaknesses in internal controls.
Trustees voted unanimously to accept the Valley Central School District's external audit for the fiscal year ending June 30, 2025, and to approve the related corrective action plan.
"We will be issuing an unmodified opinion on the school district's financial statements," Bonadio auditor said during a brief presentation to the board, adding the firm identified no material weaknesses or significant deficiencies in internal controls and no instances of noncompliance.
The auditor provided a high-level summary of fund balances: the general fund total fund balance was reported in the presentation as approximately $30,800,000, with an unassigned fund balance of approximately $5,300,000; the capital projects fund was reported at $7,600,000. The auditor said the general fund's unassigned balance is within New York State's limitations.
Board president moved acceptance of the audit report; Jane moved the motion and Katie seconded. The motion passed on a voice vote with a 7-0 tally. The board later voted to accept the corrective action plan; Fran moved, Diana seconded and the vote was 7-0.
Assistant superintendent for business had earlier thanked Jackie and the business office staff for their work preparing the audit materials, calling the audit a "clean" one. The board recorded the auditor's recommendation and asked staff to follow up as part of normal business-office procedures.
The board took no further action beyond formal acceptance; the audit report will be filed with district records and used to guide routine financial planning.
