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Interboro board hears clean audit, reviews budget adjustments and projections
Summary
The Interboro School District board received a clean audit showing a roughly $170,000 small deficit and an approximate $20 million fund balance, and reviewed finance committee projections including a tentative 3% tax assumption and a projected $608,000 deficit for FY planning.
The Interboro School District Board of School Directors received an audit committee report Wednesday that described a “clean audit” and said the district’s financial records are accurate and compliant, while flagging near‑term budgetary pressures.
Board President called the audit presentation, saying the review showed “the financial records are accurate and in line with all the requirements.” The audit noted a small deficit of about $170,000 and an…
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