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External auditors qualify one finding but report no material weaknesses in Mineola UFSD fiscal 2025 audit
Summary
Naraki Smith presented the district's fiscal‑year 2025 audit: auditors qualified the general‑fund opinion because the district recognized about $1.4 million in property taxes outside the 60‑day window, but found no material weaknesses; the report showed positive general‑fund operations, a $1.7 million negative change in governmental funds, and substantive capital spending.
Christopher Angatta of Naraki Smith summarized the Mineola Union Free School District’s audit for the year ended June 30, 2025, and explained why the firm issued a qualification on the general‑fund opinion.
"Because the district recognized property tax revenue about 65 days after year‑end, outside of the 60‑day window, and because of the material nature of that amount — about $1,400,000 — we had to qualify our opinion with respect to the general fund," Angatta said. He emphasized the qualification related only to the classification and timing of that revenue…
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