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Lincoln Way CHSD 210 gets a clean FY25 audit; ISBE financial-profile rating dips to "review" after bus purchases
Summary
Auditors issued a clean (unmodified) opinion on the district's FY25 financial statements, but the Illinois State Board of Education (ISBE) financial profile moved from "recognition" to "review" largely because bus purchases increased expenditures relative to how bond proceeds are counted.
Lincoln Way Community High School District 210 received a clean (unmodified) audit opinion for fiscal 2025, district and auditors said at the Nov. 20 board meeting, but the state's financial-profile metric moved the district one step lower to "review."
Katie Napier, partner in charge of the district audit for Wimmer Rogers (SEG 627), told the board the audit team issued a clean opinion on the modified-cash-basis financial statements and found no material weaknesses, no significant…
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