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Auditor: East Meadow UFSD overspent FY25 by about $1.47 million; fund balance still up to 3.3%
Summary
External auditors reported the district overspent its 2024-25 budget by roughly $1.47 million (about 0.5% of the budget), largely in instructional and transportation codes, but revenue outperformed expectations by about $6 million, leaving the district's unassigned fund balance at 3.3% ($8.95 million).
An external auditor told the East Meadow Union Free School District Board of Education on Tuesday that the district closed fiscal year 2025 with an overspend of about $1,470,000 but nonetheless increased its unassigned fund balance to 3.3% of the following year's budget.
Jill Sanders of auditing firm Cullinan Danowski presented the 2024-25 general purpose financial statements and said her firm issued an unqualified opinion for all funds except the extra-classroom activity accounts, where limited auditor access is common. Sanders said the overspending occurred primarily in instructional and transportation codes and that a drop in one-time COVID-era funding…
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