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Auditors give Eastern York an unqualified opinion; district shows small surplus and capital transfers

Eastern York School District Board of Directors · February 18, 2026

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Summary

Jones & Company presented a single-audit report with unqualified opinions for year ending 06/30/2025, noting a favorable variance (revenues $57.6M vs. expenditures $56.7M), a general fund balance of ~$10.7M, and a cafeteria fund deficit driven by pension/OPEB allocations but an operating profit after federal/state subsidies.

Auditors from Jones & Company summarized the Eastern York School District’s audited financial statements for the year ended June 30, 2025, delivering an unqualified (clean) opinion on the financial statements and federal program compliance. Key figures presented: total general-fund revenues of about $57.6 million and expenditures around $56.7 million, producing a small positive change to fund balance after a $1 million transfer out to capital projects. The auditors noted a general-fund balance reported at approximately $10,691,000 and capital projects at about $5.9 million.

The auditors explained a reporting nuance under GASB 34: long-term liabilities (pension and other post-employment benefits) affect government-wide statements and may create apparent deficits in business-type funds such as the cafeteria; the cafeteria’s GAAP net position included a pension liability that produced a reported deficit, but the operational statement showed an operating loss offset by federal and state reimbursements that produced an overall positive change of about $330,000 for the cafeteria after subsidies. Long-term debt outstanding was described as roughly $75 million at year end, down from about $81.7 million at the start of the year; schedules show projected maturities and a path to debt reduction if no new borrowings occur.

Auditors reported no material findings for federal program compliance (IDEA, Title I/II, COVID funds, national school lunch program) and recommended that the board continue an annual fraud-risk assessment and maintain related-party disclosure procedures. Board members asked detailed questions about interest income, the drivers of favorable revenue variances (additional EIT receipts and higher interest income), and the mechanics of pension/OPEB recognition; the auditors said those items are footnoted in the report and offered to provide additional breakdowns outside the meeting. Administration moved audit-related items to the Thursday agenda for formal action.

The board acknowledged staff for holding expenditures below budget and directed administration to follow up on questions about specific line items and the timing of capital-project transfers.