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Auditor gives District 25 a clean opinion; board hears budget impacts from late county taxes
Summary
Baker Tilly delivered an unmodified opinion on Arlington Heights SD 25's 2024–25 financial statements and highlighted reserves, pension liabilities and capital spending; trustees also heard that late Cook County tax bills cost the district an estimated $600,000–$800,000 in interest income and will consider a resolution next month.
Jason Coyle, principal with audit firm Baker Tilly, told the Arlington Heights School District 25 Board of Education on Jan. 20 that the district’s financial statements for the fiscal year ended June 30, 2025, received an unmodified (clean) opinion, meaning the auditors believe the statements are accurate in all material respects.
Coyle said the district’s revenues are heavily tax-dependent, with roughly 69 percent of revenues coming from property taxes, and pointed to long-term obligations — including teacher pension and other post-employment liabilities — totaling about $20,000,000 at fiscal year-end. He also noted…
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