Auditor issues clean opinion on 2025 financials; district to file Act 1 resolution
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Summary
Auditor Kim Stank told the board the district’s fiscal-year 2025 financial statements earned an unmodified (clean) opinion and the single audit found no findings on major federal programs; district staff explained the Act 1 tax-resolution process and timelines.
Kim Stank, an auditor who appeared with the district’s finance team, delivered highlights from the fiscal-year 2025 audit and single audit, saying the auditors issued an unmodified (clean) opinion on the financial statements and reported no material weaknesses or findings for major federal programs tested.
Stank summarized key points included in the governance letter and financial statements: a reported governmental net position shown in the presentation near $61 million, an increase of about $35 million from the prior year, and a general fund net change in fund balance of roughly $11.5 million. She said cash and investments increased year over year and that required footnotes and pension/OPEB schedules are included in the report.
On the single audit of federal funds, Stank said the district’s major programs tested included the child-nutrition cluster (food services), Title I and IDEA, and that no findings or material weaknesses were noted.
Business manager Sean Haines (presenting financial items) reminded the board that the district must either have a final budget in place by the state deadline or adopt an Act 1 resolution stating it will not raise taxes above the index. He said the district has not raised taxes above the index in recent years and explained the Act 1 timeline and January filing deadline required by the Pennsylvania Department of Education.
Board members had no substantive questions after the auditor’s summary and thanked the finance team for timely completion of the audit materials.
