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External auditor issues clean opinion on North Middlesex FY25 finances
Summary
CBIZ auditor Rebecca Gamsby told the school committee the district's fiscal 2025 financial statements and federal awards schedule received an unmodified (clean) opinion; major points included a general fund balance increase, large net OPEB liability, and GASB 101 implementation effects.
Rebecca Gamsby, director with CBIZ, presented the audit of the district's FY25 financial statements and the schedule of expenditures of federal awards. Gamsby said the auditors issued an unmodified (clean) opinion and reported no findings or instances of noncompliance for the audit period ending June 30, 2025.
Gamsby summarized key figures: the…
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