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External auditor gives RSU 14 an unmodified opinion; fund balance grows about $1 million
Summary
RHR Smith delivered an FY2024 audit for RSU 14 showing an unmodified opinion and an approximate $1 million year-over-year increase in carryover/fund balance; auditor recommended shoring up capital reserves amid ongoing renovation and future HVAC needs.
RHR Smith and Company presented RSU 14's FY2024 audit to the Wyndham Raymond School Board on Dec. 18, reporting an "unmodified opinion" on the district's financial statements and explaining fund and capital activity that affected reserves.
"You'll receive that unmodified opinion for us for 06/30/2024," Ron Smith (speaker 10), principal at RHR Smith and Company, told the board. He said the district's governmental carryover balance was approximately $11.8 million, up about $1 million from the prior year, and that the increase reflected…
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