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RSU 14 audit returns unmodified opinion; auditors flag timeliness of student/extracurricular deposits
Summary
Auditors from RHR Smith & Company presented a clean (unmodified) audit for RSU 14 for year ending June 30, 2025, noting a roughly $600,000 increase in fund balance and no federal or state compliance findings. The report includes one repeat management recommendation on timely deposits of student/extracurricular funds.
Ron Smith of RHR Smith & Company presented RSU 14’s annual financial statements and delivered an unmodified opinion for the year ending June 30, 2025, saying the district’s financial reports fairly present the district’s position.
Smith told the board the audit was unusually challenging because the federal compliance supplement for programs tied to about $4 million in federal spending was finalized late;…
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