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Auditors give Mifflin County Academy a clean opinion; district contributions bolster fund balance
Summary
Auditors delivered an unmodified (clean) opinion on the Mifflin County Academy’s fiscal 2025 financial statements and noted that a large contribution from Mifflin County School District materially increased fund balances. The board heard details of net position, fund-balance amounts and that there were no internal-control findings.
Dan Bradley of the audit firm presented the audited financial statements for the year ended June 30, 2025, and said the auditors issued “an unmodified or a clean opinion.” He walked the board through the statements, highlighting several key figures: a total net position reported at $2,407,000; the Academy’s net investment of $2,872,000; and a deficit in unrestricted net assets of negative $465,000.
Bradley told the board the…
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