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Auditor gives Edison schools a clean FY25 opinion; fund balances and excess surplus noted
Summary
HFA auditor James Nemeth told the board the FY25 financial statements received an unmodified opinion, there were no compliance findings on the tested federal/state programs, and the district reported main fund balances including an excess surplus of about $6 million to be budgeted in 26/27.
HFA supervisor James Nemeth summarized the Edison Township School District's fiscal year 2025 audit, telling the board the district's financial statements received an unmodified opinion for the year ended 06/30/2025 and that the single-audit testing found no reportable instances of noncompliance in the tested programs.
Nemeth said auditors issued a clean independent auditors report and…
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