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Preliminary audit shows roughly $195,000 positive; district's adjusted Act 1 index set at 4.7%
Summary
The district's preliminary 2024'25 audit results showed a roughly $195,000 positive variance (about $100,000 more than the June estimate), and administrators reported the state'calculated Act 1 adjusted index for the district is 4.7% (base 3.5%), information the board said will guide budget preparation.
The district finance presenter (speaker 4) told the board the preliminary local audit for 2024'25 shows the district is more positive than previously estimated.
"The preliminary audit results are coming in at ... $195,000," the presenter said, adding that figure is about $100,000 higher than the estimate…
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