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Pennsbury board hears clean FY24 audit, approves multiple finance and equipment items
Summary
Auditor Carl Hogan presented a clean audit for year ended June 30, 2024, reporting roughly $246 million in revenues, $245 million in expenditures and an approximate $1 million increase to the general fund balance; the board approved the remaining consent agenda, a bucket truck purchase, a donated school garden grant, a security utility vehicle and a personnel‑file digitization increase.
Pennsbury School District trustees on Nov. 20 heard a presentation from CliftonLarsonAllen auditor Carl Hogan, CPA, who delivered an unmodified (clean) opinion on the financial statements for the year ended June 30, 2024. Hogan said the district’s actual general fund revenues were about $246,000,000 against budgeted revenues of about $243,000,000 and that expenditures were about $245,000,000, producing roughly a $1,000,000 increase in fund balance to end the year near $20,000,000. Hogan noted the capital projects fund had been largely spent down on middle‑school work and that the district maintains a restricted debt service reserve of about $6,000,000.
