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External auditors give Hyde Park Central School District a clean opinion; OPEB liability drives district-wide deficit
Summary
Bonadio Group presented an unmodified (clean) opinion on Hyde Park Central School District's 2023–24 financial statements and extracurricular funds, reporting no material weaknesses. The district showed a net district-wide deficit due mainly to Other Post Employment Benefits (OPEB) accounting; the general fund remains positive.
Bonadio Group partner Alan Walther told the Hyde Park Central School District Board of Education on Oct. 10 that auditors will issue an unmodified opinion on the district's financial statements and on extra-classroom activity funds for the year ended June 30, 2024. He said the firm found no material weaknesses in internal controls and no instances of noncompliance at the financial-statement or federal-awards level.
That is the highest level of assurance the board can receive from independent…
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