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Auditors issue clean opinion as board hears fiscal 2024 results and liabilities
Summary
Independent auditors gave Newberry County schools an unmodified (clean) opinion on the June 30, 2024 financial statements, while warning about pension and retiree health liabilities and recommending attention to pupil activity controls.
David Phillips, a partner at audit firm Green Penny Collie, told the Newberry County Board of Trustees on Dec. 16 that auditors issued an "unmodified opinion" on the district—s June 30, 2024 financial statements, a designation he described as a "clean" audit.
Phillips said the district—s total fund balance remained about $26.7 million and that unassigned fund balance was approximately 25.2 percent (about 36 percent of 2024 actual expenditures and roughly 35 percent of the 2025 budgeted expenditures). Total…
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