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Independent audit shows improved fund balance; board warned of potential AIB warning letters
Summary
Auditor issued an unmodified opinion on FY25 financials and reported an increase in total governmental fund balance to about $5.7 million and an unassigned fund balance of roughly $1.3 million. Staff said the district is progressing on Blueprint compliance but warned AIB warning letters may be issued Dec. 1.
An independent auditor told the Queen Anne's County Board of Education on Nov. 5 that the district's FY25 financial statements received an unmodified opinion and that key fund‑balance indicators improved.
Auditor Audrey McKenrick (UHY LLP) said in presenting the audit that the firm issued "an unmodified opinion," the highest level of assurance. She told trustees the district's total governmental fund balance at year‑end was about $5.7 million,…
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