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Audit: Jersey Shore Area SD receives clean opinions; general fund near best-practice benchmark
Summary
Auditors told the board the district received unmodified opinions on both its financial statements and major federal award compliance for year ending 6/30/2025; general fund balance was about $11.9 million, above a two‑month GFOA benchmark of roughly $8.2 million, and auditors reported no material weaknesses.
John Compton, a CPA with Baker Tilly, told the Jersey Shore Area School District board on Feb. 9 that auditors issued unmodified opinions on both the district's financial statements and its compliance with major federal award programs for the year ended June 30, 2025. Compton said the district's audit is required because about $27 million (roughly 55%) of the general fund is state-funded and because the district received about $2.2 million in federal assistance, which required a single audit.
Becky Swales of Baker Tilly summarized that the district's general-fund balance totaled about $11.9 million…
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