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Simsbury audit: clean opinion; district reports roughly $2.1M surplus and 16% reserves
Summary
The district's fiscal-year audit returned a clean, unmodified opinion. Officials reported roughly $124 million in actual revenues versus $122 million budgeted and a general fund balance reported at about $20,000,008.48 as of June 30, 2025; board members were briefed on transfers to capital reserves and reserve-policy alignment.
The Simsbury Board of Education received a presentation of the district's fiscal-year audit showing a clean, unmodified opinion.
The audit presenter summarized budget highlights: the district budgeted about $122,000,000 in revenues and recorded approximately $124,000,000 in actual revenues, producing a revenue surplus described as "just over $2,000,000." The presenter said that on a GAAP basis the excess of revenues over…
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