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Penncrest audit yields clean opinion; general fund posts $1.87 million improvement
Summary
External auditors issued a clean opinion on Penncrest’s 2024–25 financial statements, reporting total general fund revenues of $61.64 million, expenditures of $59.47 million and a net positive change of about $1.87 million; the food service fund showed an operating loss and the single‑audit child nutrition cluster test produced no findings.
External auditors reported a clean audit opinion for the Penncrest School District for the fiscal year ended June 30, 2025, and summarized key fund balances and program results during the Jan. 12 meeting.
Steve Falk of the auditing firm (named in the meeting) told the board the district’s governmental funds showed total assets of $30,182,000, liabilities of…
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