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Chatham district audit: unmodified opinion and strong reserves; three minor recommendations noted
Summary
PKF O'Connor Davies reported an unmodified audit opinion for fiscal year ending 06/30/2025, $13.6 million in general fund balance, and three minor management recommendations; the board voted to accept and file the audit.
John Farina, the audit director from PKF O'Connor Davies, presented the district’s FY 06/30/2025 audit and reported an unmodified (clean) opinion, the firm’s highest audit opinion. He told the board the audit was completed on Dec. 5 and that both the federal single‑audit and state single‑audit components were performed because the district met thresholds for federal and state expenditures.
Farina detailed the district’s financial position: a general fund balance of $13,600,000 with $2,400,000…
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