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Auditors give Oxford Area SD clean opinion on 2024–25 finances; pension liability still large
Summary
Independent auditors presented unmodified (clean) opinions on Oxford Area School District’s 2024–25 financial statements and federal single audit, reporting no control findings; they noted a net deficit driven largely by the district’s share of pension liabilities and said the district’s general fund performed slightly better than budgeted.
Independent auditors told the Oxford Area School District board on Jan. 13 that they will issue unmodified — commonly called clean — opinions on both the district’s financial statements for the year ended June 30, 2025, and on compliance for major federal programs.
Jeff Kowalczyk, who introduced the report for the audit team, said auditors tested internal controls and transactions during a fall field visit and performed a federal single audit because the district expends more than $750,000 in federal funds. "We are issuing unmodified, also known as clean opinions, both on the financial statements as well as on compliance with the major federal programs," Kowalczyk said. He said the federal testing covered Title I and the child nutrition cluster.
The report shows the district records a net deficit of $11,400,000 on an entity‑wide…
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