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Belle Vernon Area SD auditors give unmodified opinion; report flags cafeteria losses and long-term liabilities
Summary
External auditors presented an unmodified opinion for the year ended June 30, 2025, noting a general fund balance just over $5.1 million, ongoing cafeteria operating losses that may require general-fund transfers if they continue, and significant unfunded long-term liabilities that contribute to a negative government-wide net position.
Steve Seifert of Seifert and Seifert presented the district's external audit at the Feb. 10 meeting, saying the firm's opinion on the 06/30/2025 financial statements is "unmodified." He reported that general fund revenues were about $46,382,000 for the year and that the unassigned fund balance stood at approximately $3,696,000 within a total fund balance just over $5.1 million. Seifert emphasized the distinction between short-term fund balances and long-term government-wide net position, which remains negative largely because of…
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