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Independent auditors give South Huntington a clean opinion; board accepts 2024-25 financial statements
Summary
R.S. Abrams reported unmodified (clean) audit opinions for the district and extracurricular activity funds and identified no significant internal control weaknesses; the board accepted the financial statements and authorized publication of the general fund unassigned balance of $8.9 million (4% of next year's budget).
Independent auditors from R.S. Abrams presented the district's fiscal year 2024-25 financial statement audit to the South Huntington Board of Education and reported unmodified (clean) opinions on both the basic financial statements and the extra-classroom activity funds.
"On both the basic financial statements and the extra classroom financial, the district received what's referred to as unmodified opinions," Bridal Nelson, partner at R.S. Abrams, told the board, adding that auditors "did not identify any significant deficiencies or weaknesses in the district's internal controls." Nelson said the auditors obtained sufficient assurance that the financial statements were free of material misstatement.
The presentation included a note on the district's unassigned general fund balance: Nelson reported the district ended the year with $8,900,000 in that balance, representing about 4% of the 2025-26 budget. She said 4% is the maximum allowable unassigned balance under New York property tax law and noted it is a common target for districts seeking a stable financial position.
Following the presentation, the board accepted the financial statements and corrective action plan for the fiscal year ending 06/30/2025 and authorized the district to publish the general fund balance in the district's paper of record as required by statute.
Board members thanked auditors and district finance staff for a "smooth, effective and efficient audit." No members raised substantive objections during the acceptance vote.
