Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditor gives Winslow Township Board an unmodified opinion; flags excess cash in food-service fund
Summary
Bowman presented a clean opinion on the district's FY2025 financial statements but noted a repeated finding: the food-service fund holds excess cash above the USDA/NJ Dept. of Agriculture threshold and requires a corrective action plan; auditor reviewed fund balances, capital and maintenance reserves and next steps.
Bowman (auditor) presented the Winslow Township School District's annual comprehensive financial report and auditor's management report at the Dec. 10 board meeting, issuing an unmodified (clean) opinion on the 2025 financial statements while identifying one repeat finding: excess cash in the food-service fund.
The auditor (Miss Yang) explained that the food-service program is required to operate on a nonprofit basis and that state and federal reimbursement calculations can cause the program's cash-on-hand to exceed the regulatory threshold (cash exceeding about three months' average…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
