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Audit shows clean opinion; district warns fund balances and contract costs will pinch 2026 budget
Summary
Auditors issued an unmodified opinion on Elizabethtown Area School District’s 2024–25 financial statements, but district staff warned the board the general and health‑benefit funds are below recommended targets and projected contract increases could reduce fund balance by about $1.1–$1.2 million next year.
The Elizabethtown Area School District on Jan. 27 received a clean independent auditor’s opinion on its 2024–25 financial statements, but district officials told the board that operating reserves are below recommended levels and rising contract costs threaten next year’s fund balance.
Jacqueline Davidson, director with audit firm Boyer & Ritter, summarized the fiscal audit and said the firm issued an unmodified (clean) opinion on the financial statements and that the district’s reporting complied with government auditing standards and uniform guidance for federal programs. Davidson also said the audit included a…
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