Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditors issue unmodified opinion for Kiski Area SD; report flags large long-term liabilities and tightening federal funds
Summary
External auditors told the school board they issued an unmodified opinion on the district's 2023-24 financial statements, noted roughly $50 million in long-term bonds and substantial pension and OPEB liabilities, and warned that certain federal relief funding is nearly exhausted.
Bob Velikos, who identified himself as a former principal and presented the district's audit findings, said the auditors issued an unmodified opinion on Kiski Area School District's fiscal 2023-24 financial statements, the highest level of assurance the firm can give that the statements are materially accurate.
The presenter told the board the audit followed generally accepted government auditing standards and uniform guidance for single audits. He said the district qualified for a single audit because federal expenditures exceeded $750,000 and that the district spent about $5.7 million…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
