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Bound Brook board accepts clean audit; officials flag rising health-care costs
Summary
Valerie Dolan presented a clean audit for the fiscal year ending June 30, 2025, reporting increased fund balance and $2.8 million in federal/state grants; the board accepted the report and the operations committee warned of potential double-digit health-insurance cost increases to watch for in 2026.
Valerie Dolan, the district's external auditor, told the Bound Brook Board of Education that the district's annual comprehensive financial report for the year ending June 30, 2025, earned a clean audit opinion with no formal recommendations. The report notes an improved fund balance that the district can use for capital projects and maintenance and shows roughly $2.8 million in federal and state grants flowed through the district this year.
Dolan said the district's food-service program saw a designed reduction of roughly $48,000 as the district spent down pandemic-era surplus per U.S. Department of Agriculture…
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