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Auditor gives district a clean opinion; finance staff warn tax delays and outline cash position
Summary
The district auditor reported a clean (unmodified) opinion and recognition status from ISBE; business staff said fund balances remain positive but revenues are down because Cook County has delayed tax disbursements, and the board was told bond refinancing generated more than $600,000 in savings.
At the Berwyn South School District 100 board meeting, auditor John Michael Esco delivered the audit results and business staff presented the district's current cash position and near-term revenue concerns.
Auditor John Michael Esco told the board the district received a "clean or unmodified opinion" on its financial statements and that, as presented in the audit, the district had positive fund balances at June 30. Esco noted a decline in revenues compared with the prior year that he attributed to delayed…
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