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Auditors give Centennial School District a clean opinion; officials warn revenue growth is slowing
Summary
Auditor Carl Hogan told the board the fiscal 2025 financial statements will receive an unmodified (clean) opinion and no material weaknesses were found. Hogan and district leaders said revenues are decelerating, fund balances remain sizable and the board has options to shore up budgets for 2026–27.
Carl Hogan, the district's external auditor, told the Centennial School District board the auditors will issue an unmodified (clean) opinion on the district's financial statements for the year ended June 30, 2025 and found no material weaknesses or significant deficiencies in internal control.
That assurance came during a presentation on the audit scope and financial results. Hogan said auditors use a risk-based approach and rely heavily on third‑party confirmations for tax revenues and general‑obligation debt. He also noted the audit included compliance testing of the child‑nutrition program and that the district's Annual Financial Report has been filed with the Pennsylvania Department of Education.
The finding that requires the board's attention, Hogan said, is a slowing of revenue growth…
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