Independent auditors give Dover Area SD a clean opinion; district reviews capital and reserve balances

Boyer & Ritter told the Dover Area School District board that the district’s financial statements received an unmodified (clean) opinion and that the compliance audit for major federal programs also showed no material noncompliance.

"We've issued an unmodified opinion. It's what we call a clean opinion," Sanai Zaharovich, principal with Boyer & Ritter, said in the presentation. She told the board the firm did not identify material weaknesses or significant deficiencies in internal control over financial reporting and likewise issued a clean opinion on the child‑nutrition cluster compliance audit.

Zaharovich reviewed key figures from the year ending June 30, 2025: the district recorded about a $1.5 million decrease in the general fund from the prior year, leaving an ending fund balance just under $15 million; the capital reserve fund balance was reported at roughly $7.8 million; the food‑service fund had a net loss near $50,000; cash and cash equivalents were about $29 million; and capital assets were listed around $82 million. She also noted the district has four outstanding bond issues with payments extending to 2040.

The auditors highlighted a change in accounting under GASB 101 affecting how compensated absences are reported, producing about a $1.2 million increase in the reported liability year‑over‑year. Zaharovich also noted the federal uniform guidance threshold for a compliance audit recently rose from $750,000 to $1,000,000, but that Dover’s federal spending (about $4.3 million in the audit year) still triggers a single‑audit requirement.

The auditor invited board members to review the full financial report, which includes management discussion, footnotes and the auditors’ required communications; she offered to provide contact information for follow‑up questions. Board members thanked the business office and audit staff for their work.