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Board accepts clean audit but auditors warn fund balance is low — district could operate about eight days on reserves
Summary
Plante Moran presented an unmodified opinion on the district's 06/30/2024 financial statements, noting $316.6M in revenues, $322.5M in expenditures and an ending general fund balance of about $7.1M (2.2% of expenditures); trustees were urged to monitor fund equity and long‑term fiscal sustainability.
The Ann Arbor Board of Education accepted the district's 2023‑24 annual audit after auditors gave a clean (unmodified) opinion but highlighted a shrinking reserve.
Jennifer Chambers of Plante Moran told trustees the audit found no material weaknesses, no audit adjustments and no federal program findings. "We rendered an unmodified opinion on both the financial statements and the federal awards report," Chambers said, the highest level of…
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