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District Audit Shows No Findings; Officials Outline Budget Pressures
Summary
Officials reported an unmodified audit opinion with no findings and presented district finances: enterprise funds down modestly, general fund balance reduced roughly $1.4 million from last year, and rising costs attributed to health benefits, transportation and tuition.
District officials told the Manchester Township School Board that the external audit produced an unmodified opinion and that there were no audit findings for the year.
A district presenter highlighted enterprise-fund balances: food service ended about $1,200,000 and a second enterprise fund (referred to in the transcript as "RDX") ended about $1,800,000, both roughly $100,000 lower than the previous year. The presenter said the general fund balance was about $33,600,000, a decrease of roughly $1.4 million driven largely by…
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