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Hendrick Hudson board accepts clean audit, weighs capital reserve and fund‑balance use ahead of May vote
Summary
Auditors gave Hendrick Hudson Central School District an unmodified (clean) opinion for FY2023–24 and the board accepted the report and corrective action plan. The board also discussed tax‑cap calculations, projected fund‑balance use and a voter proposition to establish a capital reserve.
An external audit presented to the Hendrick Hudson Central School District Board of Education on Feb. 5 found the district’s financial statements for the fiscal year ended June 30, 2024, presented fairly and without qualification. Rob Danielle of PKF O’Connor Davies told the board the firm issued an “unmodified opinion” and reported no allegations of fraud during the audit process. The board voted to accept the audit and the accompanying corrective action plan.
The auditor said the district ended the year with a $3.7 million increase in its general‑fund balance, bringing the balance to about $29.2 million. Danielle highlighted revenue drivers that contributed to the surplus, including property tax receipts, a temporary state grant and higher‑than‑expected out‑of‑district tuition receipts. “You…
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