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Toms River board accepts 2024 audit, approves multiple consent and personnel items
Summary
The Toms River Regional Schools board received an unmodified audit opinion for fiscal year ending 6/30/2024, heard details about state aid cuts and reserve usage, and approved the ACFR plus several consent, personnel and education program items by roll call.
The Toms River Regional Schools board voted unanimously to accept the district's 06/30/2024 annual comprehensive financial report and auditors' management report, and then approved a series of consent, personnel and educational program items.
The district's auditor reported an unmodified opinion on the financial statements and said the audit showed overall revenues declined largely due to nearly $15,000,000 in state aid cuts. "We have an unmodified opinion on the financial statements," the auditor said, adding the district ended the year with about $51,000,000 in…
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