Independent auditors give GREAT NECK UNION FREE SCHOOL DISTRICT a clean opinion for 2024–25
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Summary
Colin and Danowski partner Jill Sanders told the board the district received an unmodified (clean) opinion for year ending 06/30/2025, with strong internal controls, two minor adjusting entries proposed, and prior management-letter items remediated.
Jill Sanders, partner at accounting firm Colin and Danowski, told the GREAT NECK UNION FREE SCHOOL DISTRICT Board of Education on Nov. 5 that the firm issued an unmodified — commonly called a "clean" — opinion on the district’s financial statements for the year ended June 30, 2025. Sanders said auditors found a "very good, strong internal control structure" and no material weaknesses or significant deficiencies.
Sanders said the audit included the general-purpose financial statements, a revisit of last year’s management letter, a communication to the board, and a cash-basis report on the extra-classroom activity fund. The firm proposed two small adjusting journal entries and confirmed prior management-letter items related to the extra-classroom activity fund and commuter permission procedures had been remediated under the district’s corrective action plan.
The auditor noted the district’s reserves comply with applicable law and guidance, including the real property tax law limitation on unassigned fund balance (4 percent) and education-law requirements for capital reserves. Sanders also described the district’s implementation of GASB 101 (compensated absences reporting), saying it affects financial-statement presentation rather than budget construction. "All local governments were required to implement this standard, and you implemented it timely," she said.
Board members thanked the audit team and the district business office for providing complete records and prompt responses to audit requests. No questions were raised about the auditor’s conclusion that the district is in good financial condition.
The board received the auditor’s documents and acknowledged the clean opinion and the proposed minor adjustments. No formal vote on the audit opinion itself was recorded in the public minutes.