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Okemos audit returns clean opinion; auditors flag $1.7M planned use of fund balance and food-service comment
Summary
External auditors gave Okemos Public Schools an unmodified (clean) opinion on the district's 2024'25 financial statements and highlighted a planned $1.7 million use of fund balance, a food-service fund balance comment, and GASB 101 accounting changes.
Auditors presenting to the Okemos Board of Education on Monday reported a clean, unmodified opinion on the district's financial statements and said the 2025'26 budget is structurally balanced as adopted. "I'm happy to report it's the clean or unmodified opinion, so the best opinion that the district can receive," auditor Steve Piesco said during the presentation.
The auditor walked trustees through the management discussion and analysis and identified several headline figures: roughly $70.26 million in general-fund revenue (about $50 million in state aid and just over $10 million in property taxes); slightly more than $72 million in general-fund expenditures; and a planned…
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