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City auditor gives unmodified opinion; board debates school health care and special-education overruns
Summary
Auditor Dave Capuleti told the Shelton Board of Aldermen the city —inancial statements received an unmodified opinion and that unassigned fund balance rose by about $4,000,000; aldermen pressed the auditor about Board of Education overexpenditures in health care and special education, and the mayor said state funding formulas and a self-insured plan explain much of the variance.
The Shelton Board of Aldermen heard an annual audit presentation on Feb. 25 from auditor Dave Capuleti, who said the city's financial statements received an unmodified opinion and that the city —nded the year with roughly $1.4 million in net revenues over expenditures and an increase in unassigned fund balance of about $4,000,000.
Capuleti said the audit found no reportable internal-control deficiencies. "We gave an unmodified…
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