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Northbrook SD 28 gets clean audit as fund balance drops about $4.8 million
Summary
Auditors issued an unmodified opinion for Northbrook SD 28 but reported a roughly $4.8 million decline across funds and flagged management-letter items including IT security and a missing check write-off policy; the board was told budget discussions will address the shortfall.
The District 28 Board of Education received a clean audit and a warning about declining reserves at its February meeting.
"We gave the district an unmodified opinion," said Matt Baron, partner at Lauterbach and Amman, as he presented the annual financial statement audit and management letter. He told the board the firm issued the highest opinion it offers and found no internal control deficiencies.
Baron walked members through key figures in the…
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