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Audit: Pascack Valley district posts $13.33 million general-fund balance; no audit findings
Summary
An independent auditor told the Pascack Valley Regional High School District board Dec. 15 that the district ended FY2025 with a $13.334 million general-fund balance, used reserves to support capital projects and reported no audit findings; the audit also noted long-term liabilities and upcoming accounting-standard changes.
An independent auditor told the Pascack Valley Regional High School District Board of Education on Dec. 15 that the district’s general fund closed FY2025 with a $13,334,000 fund balance and that auditors found no reportable findings.
The auditor said the fund balance declined from about $14.7 million the prior year. He broke the balance into the capital reserve (about $5.0 million), the capital projects fund (about $4.77 million), the maintenance…
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