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Great Valley SD audit yields unmodified "clean" opinion; district fund balance fell less than budgeted
Summary
An independent auditor told the board the district received an unmodified opinion for year ending 6/30/2025, with no current-year or repeat findings; the general fund balance declined about $6.5 million versus a budgeted $10 million drop. The audited financial report will be considered for approval next week.
The Great Valley School District received an unmodified audit opinion for the fiscal year ended June 30, 2025, auditor Joe Manfry told the board during a January work session, a result he described as a "clean audit opinion." Manfry, a partner at his firm, said the auditor also issued an unmodified opinion on federal‑award compliance after completing single‑audit procedures.
The audit found no current‑year findings or material weaknesses in internal control. Manfry noted the district implemented GASB…
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